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 …

rural mainstreet

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 …

trade

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 …

fca

FCA Reports on Agricultural Economic Conditions

Dan Economy, Industry News Release

The Farm Credit Administration (FCA) released a quarterly report on economic issues affecting agriculture and updated the financial condition of the Farm Credit System. The report says the USDA is predicting farm income will stabilize near its historical average. The USDA is predicting an increase in farm income, rising from $93.3 billion in 2016 to 96.9 billion in 2017. Factors …

farm profits

Farm Profits Expected to Stabilize

Dan Economy, Industry News Release

Following years of decline, net farm income in 2017 for the U.S. farm sector as a whole is forecast to be relatively unchanged at $63.2 billion in inflation-adjusted terms. The figure is up about one half billion dollars, or .8 percent. Meanwhile, inflation-adjusted U.S. net cash farm income is forecast to rise almost $2.0 billion, 2.1 percent, to $96.9 billion. …

farmers

Farmers Getting Only 11 Cents of Every Food Dollar

Dan Economy, Industry News Release

The National Farmers Union and the American Farm Bureau Federation say that consumers are paying less and farmers are receiving less for this year’s Thanksgiving Day dinner. The NFU Farmer’s Share publication says farmers and ranchers get 11.4 cents of every dollar that consumers spend on their turkey day dinner. The Farm Bureau’s annual Thanksgiving Day Price Survey found that …

bankruptcy

Farm Bankruptcy Relief Bill Sent to Trump

Dan Industry News Release

Legislation that would make it easier for family farmers to reorganize debts when facing bankruptcy received final approval this week, sending the measure to the president’s desk for signature. The bill was included as part of the supplemental appropriations package approved Tuesday in the Senate by a vote of 82-17. The measure would rectify a 2012 Supreme Court ruling on …