farm income

USDA Predicts 12 Percent Drop in Farm Income

Dan Economy, Industry News Release

Net farm income, a broad measure of profits, is forecast to decrease $9.1 billion, or 12.1 percent from 2017 to $66.3 billion in 2018, after increasing $13.8 billion in 2017. The Department of Agriculture’s Economic Research Service recently announced the forecast. USDA says, meanwhile, net cash farm income is forecast to decrease $8.5 billion, 8.4 percent, to $93.4 billion. Net …

release

USDA Announces Early Release of Select Commodity Tables

Dan Economy, Industry News Release

On November 2, 2018, at 12:00 p.m. EDT, the U.S. Department of Agriculture (USDA) will release selected tables prepared for the upcoming USDA Agricultural Projections to 2028 report. USDA will post online tables containing long-term supply, use, and price projections to 2028 for major U.S. crops and livestock products and will include supporting U.S. and international macroeconomic assumptions. The short-term …

farm income

Ag Economy Index Sharply Lower on Farm Income Concerns

Dan Economy, Industry News Release

Concerns over weak farm income forced a sharp decline in the monthly Purdue University/CME Group Ag Economy Barometer. The index dropped to a reading of 114, 15 points below its August reading of 129 and its lowest reading since October 2016. Organizers say the barometer, a sentiment index based upon a nationwide monthly survey of 400 U.S. agricultural producers, has …

commodity

Agri View: Mixed Commodity Prices

Dan Agri View, Economy

Everett Griner talks about seasonal changes having an impact on commodity prices in today’s Agri View. Mixed Commodity Prices You know, it’s not just the tariff situation that has an impact on agriculture and the farm economy. There is farm credit. Some high-up officials, that deal with the problem every day, are inclined to believe that high interest rates and …

commodity

Commodity Prices Have Landowners Searching for Additional Income

Dan Economy, Industry News Release

Low commodity prices have landowners searching for alternative incomes, according to Farmers National Company. The company says this is especially true as farmers head into harvest of the 2018 crops with current prices impacted by trade issues. In some states, landowners have also been facing increased costs due to rising property tax bills. For owners who have the right type …

farm income

U.S. Chamber: Trade Aid for All Could Cost $39 Billion

Dan Economy, Industry News Release, Trade

Providing aid to industries impacted by negative trade policy could cost the nation $39 billion, according to new data by the U.S. Chamber of Commerce. Farmers are expected to receive a $12 billion aid package to lessen the burden of trade disputes by the Trump administration. The U.S. Chamber of Commerce calls farmers and ranchers the “hardest hit” by Trump’s …

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 …