ag economy

Ag Economy Barometer Monthly Results

Dan Economy, Industry News Release

Farmers showed more optimism in the latest Purdue University/CME Group Ag Economy Barometer. The May survey reading was 141, 16 points higher than April and the highest since January of last year. A rating below 100 is negative, while a rating above 100 indicates positive sentiment regarding the agriculture industry. The rise in the barometer, a sentiment index derived from …

Farm Income, Credit, Weakening

Dan Economy, Industry News Release

Farm income and credit conditions continued to weaken in the first quarter of 2018, but at a slower pace than in previous quarters. According to the Tenth District Survey of Agricultural Credit Conditions, compiled by the Kansas City Federal Reserve Bank, reduced farm income contributed to intensifying cash-flow concerns and tightening lending standards. Cash-flow shortages continued to limit the availability …

income

St. Louis Fed Survey Shows Farm Income Down Once Again

Dan Economy, Industry News Release

Farm income declined in the first quarter of 2018, the 17th-consecutive quarter of lower income numbers. The latest Agricultural Finance Monitor, published by the Federal Reserve Bank of St. Louis, shows quality farmland values and cash rents were also slightly lower than in 2017. The St. Louis Fed surveyed 24 agricultural banks in the Eighth Federal Reserve District, which includes …

purdue

Purdue/CME Group Ag Economy Barometer Slips in April Report

Dan Economy, Industry News Release

The latest measure of producer mindset dipped lower in April. The Purdue/CME Group Ag Economy Barometer fell to 125 last month, which was ten points lower than a month earlier and 15 points below its February reading. Organizers say the sharp drop in the ag producer sentiment index was attributable to producers’ weakening perceptions of current conditions in the production …

ag economy barometer

Ag Economy Barometer Results for March

Dan Economy, Industry News Release

Farmers are expressing concerns regarding agricultural trade, according to the latest Purdue/CME Group Ag Economy Barometer. The barometer slipped to 135 in March, down five points compared to February, but unchanged from January’s results. The decline was attributed to farmers weakening perceptions of current conditions and a decline in their expectations for the future. The index surveys 400 producers each …

american farmland

Rural Mainstreet Index Remains Positive

Dan Economy, Industry News Release

Dodd-Frank Limits Lending for Most Rural Banks March Survey Results at a Glance: *  For a second straight month the overall index rose above growth neutral. *  Approximately 16.8 percent of grain farmers are expected to suffer negative cash flow for 2018. This is down slightly from 12 months earlier. * The percent of farmland purchases for cash (not financed) declined …

farm credit

Ag Committee Members Press USDA on Payments to Deceased Farmers

Dan Economy, Industry News Release

Senate Ag Committee members Chuck Grassley of Iowa and Debbie Stabenow of Michigan raised concerns with the USDA’s Farm Service Agency about farm program payments to deceased farmers. The Senators sent a letter to the agency, saying that they need to be careful stewards of taxpayer money and work to avoid wasteful payments. The letter says, “As we prepare to …

rural

Highlights From the February 2018 Farm Income Forecast

Dan Economy, Industry News Release

Farm Sector Profits Expected To Decline in 2018 Net farm income, a broad measure of profits, is forecast to decrease $4.3 billion (6.7 percent) from 2017 to $59.5 billion in 2018, the lowest net farm income level in nominal dollar terms since 2006. Net cash farm income is forecast to decrease $5.0 billion (5.1 percent) to $91.9 billion, the lowest …

rural prosperity

Ag and Rural Prosperity Report Given; Ag Groups Respond

Dan Economy, Industry News Release

The following is a statement from American Seed Trade Association President & CEO Andrew W. LaVigne: “We’re pleased that the Trump Administration recognizes the critical importance of U.S. agriculture and the rural economy. Under the strong leadership of Secretary of Agriculture Sonny Perdue, the Agriculture and Rural Prosperity Task Force is taking positive steps to identify and address some of the …