farm income

Most States Saw Growth in Net Farm Income During 2022

Dan Economy, USDA-ERS

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, …

john deere

Deere Fourth-Quarter Sales Drop Slightly

Dan Economy

Deere & Co. sales in the fourth quarter of fiscal year 2023 fell year-over-year, though the earnings per share did increase. The company says in a report that revenue in the three months ending on September 30 was reported at $15.41 billion, one percent lower than the same quarter last year. The equipment manufacturer also says earnings rose to $8.26 …


New Proposed California Anti-Ag Measure Could Have National Implications

Dan Agri-Business, Economy, Legislative

A proposed northern California anti-ag measure could have an effect nationwide. The measure in Sonoma County would eliminate animal agriculture in that county. “It would outlaw all animal agriculture in the county. That would affect dairies that would affect poultry operations,” said Director of Political Affairs with the California Farm Bureau, Steven Fenaroli, who explained those are two of the …