USDA’s Economic Research Service forecasts inflation-adjusted U.S. net cash farm income to increase by $13.5 billion or 8.7 percent from 2021. Net cash farm income is gross cash income minus cash expenses and will reach $168.5 billion in 2022, the highest level since 2012. In comparison, net farm income is forecast to drop by almost $1 billion from 2021 to …
Climate Smart Commodities and Rural Economies
During his visit to the Farm Progress Show in Boone, Iowa last week, Agriculture Secretary Tom Vilsack explained how he sees climate smart commodities and practices as key to improving rural economies. Rod Bain has the story. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Local Food Cooperative Agreement Signed with USDA to Support Underserved Producers in Flordia
(FDACS/Tallahassee, FL/Sept. 1, 2022) — Florida Agriculture Commissioner Nikki Fried announced the signing of a $24.8 million cooperative agreement with the U.S. Department of Agriculture (USDA) under the Local Food Purchase Assistance Cooperative Agreement Program (LFPA). The program provides grant funds to the Florida Department of Agriculture and Consumer Services (FDACS) Division of Food, Nutrition, and Wellness (FNW) to purchase and distribute locally grown, produced, and processed food from underserved producers. …
‘Tool Time’ Tax Holiday in Florida Starts Saturday
If you have a few projects around the farm in you need to get started on but keep putting them off, then now’s the time to get serious about them. Florida’s first “tool time” sales-tax holiday on tools and other home-repair and construction items will kick off this weekend. According to the News Service of Florida (NSF), the seven-day holiday …
White House Announces Hunger Conference for September
The next White House hunger, nutrition, and health conference is coming up this month. That’s coming up on This Land of Ours. The White House Monday announced the date for its Conference on Hunger, Nutrition, and Health. The Conference is set for September 28, 2022, in Washington, DC. As the President announced in May, this will be the first Conference …
Vilsack Visits Farm Progress Show
Many farmers from across the Midwest are taking part in the annual Farm Progress Show in Boone, Iowa this week. Mark Oppold is there and reports the event had a special visitor stop by. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Interest Expense Ratio for Agriculture Stays Even with 20-year Average
USDA’s Economic Research Service reports the interest expense ratio of farms was 0.04 in 2020, remaining in line with the long-term trend and initial forecasts, despite the pandemic. The COVID-19 pandemic reduced demand for agricultural commodities. The interest expense ratio is calculated by dividing interest expenses by the sum of the value of production and Government payments for a given …
Farm Safety and Health Week Coming Up
Farm Safety Week is just around the corner. We’ll have this year’s theme coming up on This Land of Ours. National Farm Safety and Health Week is September 19-23. Agriculture is known as one of the most dangerous industries in America. The National Institute for Occupational Safety and Health says about 100 agricultural workers suffer a lost worktime injury every …
Peterson, Outlaw on Next Farm Bill
Speaking at an agricultural forum in Minnesota, Dr. Joe Outlaw of the Agricultural Food & Policy Center at Texas A&M University, and former House Agriculture Committee Chairman Collin Peterson, talked about the various factors that could affect the passage of a new farm bill by September of 2023, including the price tag. “My question to all the groups that I …
CFTC Seeks Ag Advisory Committee Nominations
Commodity Futures Trading Commission (CFTC) seeks nominations for the Agricultural Advisory Committee membership and public input on upcoming priorities. In a Federal Register notice, the CFTC made the request, with a deadline of September 7, 2022. Through public meetings, the committee advises the Commission on agricultural derivatives market regulatory issues and priorities important to producers, processors, consumers, and other stakeholders. …