 |  |  |  |  |  |  |  |  |
Below you'll find a list of all posts that have been categorized as “USDA-ERS”
Farm production expenses may fall this year. USDA Chief Economist Seth Meyer has some key numbers from USDA’s 2024 Farm Income Forecast. Meyer said a downward trend is being found in livestock feed prices, fuel, pesticide and fertilizer expenses. While some expenses are up from last year overall there is a bit of an easing on some input prices. Sponsored ContentNuseed …
There are some opposing views of the USDA’s September Net Farm Income Report. That’s coming up on This Land of Ours. Administrator of USDA’s Economic Research Service, Spiro Stafanou, says despite a forecast calling for lower farm incomes this year, the financial health of the farm sector is still strong. “It comes to the balance sheet for the ag sector. …
According to a new report from the Economic Research Service (ERS), the cost of soybean seeds per acre has risen more than 260 percent since 1997, while total soybean production costs have risen 157 percent. “In 1997, U.S. farmers spent an average of $19.72 per acre on soybean seeds,” the ERS report says. “That expense rose by more than 260 …
New data from USDA Economic Research Service (ERS) shows that changes in drought conditions impact the size of the U.S. beef cattle herd. Specifically, when the percentage of land area of drought increases for an extended period as noted in the U.S. Drought Monitor, the U.S. beef cattle herd often declines. In 2023, with more than 65 percent of U.S. …
In 2022, farm establishments received 24.1 cents for each dollar spent on food at home and 3.6 cents for each dollar spent on food away from home. These amounts, called farm shares, highlight the different paths that food takes from farms to consumers’ points of purchase, according to USDA’s Economic Research Service. Food-at-home dollars include food purchases from outlets such …
The difference between rural and urban is growing when it comes to disease mortality. That’s coming up on This Land of Ours. Over the last two decades, disease-related mortality rates have widened between rural and urban areas, especially for the prime working-age population, aged 25–54. Researchers with USDA’s Economic Research Service (ERS) compared natural-cause mortality in rural and urban areas …
An expiring estate tax could be very costly for farm estates. That’s coming up on This Land of Ours. The 2017 Tax Cuts and Jobs Act significantly changed federal individual income and estate tax policies, though some were temporary. In 2018, the legislation increased the estate tax exemption amount from $5.49 million to $11.18 million. This increase expires at the …
Technological developments in agriculture have enabled continued output growth without requiring much additional inputs, according to a new USDA Economic Research Service (ERS) report. Innovations in animal and crop genetics, chemicals, equipment, and farm organization have made it possible for total agricultural output to nearly triple between 1948 and 2021. During that period, the amount of inputs used in farming …
A look at what kinds of farms make up the majority of production. That’s coming up on This Land of Ours. Large-scale family farms accounted for a majority of the value of commodity production in 2022, according to a new report from USDA’s Economic Research Service (ERS). Specifically, these farms accounted for 51 percent of cash grains and soybeans, 56 …
The U.S. saw growth of almost 31 percent in net farm income from 2021 through 2022. NFI is a broad measure of farm sector profitability. Researchers with USDA’s Economic Research Service (ERS) used data from the Farm Income and Wealth Statistics to classify states into six categories of NFI changes. The five agricultural states with the highest NFI include Texas, …
