Tough Year for U.S. Farmers

Dan Economy

2019 has been a tough year for many farmers across the United States. The U.S. Department of Agriculture continues efforts to help ease the problems many producers faced this year. Hear more from Tyron Spearman: Sponsored ContentCIR Agriculture Harvester ProductsMarch 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

Small Family Farms and Off-Farm Income

Dan Economy

Several small-sized farms in the United States rely on the principal operator or spouse to bring in off-farm income, but how does that affect the farm’s bottom line? Rod Bain has the story. Sponsored ContentCIR Agriculture Harvester ProductsMarch 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

Peanut Butter Challenge Back on Track After Hurricane Michael Recovery

Dan Economy, Industry News Release, Peanuts

(UF/IFAS) — Last year’s UF/IFAS Extension Peanut Butter Challenge was just getting started when Hurricane Michael hit the Florida Panhandle. As the communities dealt with the aftermath and UF/IFAS Extension offices became collection points for all varieties of donations, the annual peanut butter jar collection became less of a focus than the many items of need during recovery. This year’s …

House, Senate, Pass Ag Spending Package

Dan Economy, Industry News Release

(NAFB) — The House and Senate this week came together in passage of spending bills for fiscal year 2020. Senate Appropriations Committee Chairman Richard Shelby, an Alabama Republican, says, “bipartisan cooperation has made this possible.” The spending package for agriculture includes $23.5 billion in discretionary funding, $451 million above fiscal year 2019 enacted levels. It also includes $1.5 billion in …

House Approves Spending Package for Agriculture

Dan Economy, Industry News Release

(NAFB) — The House of Representatives Tuesday advanced a spending package that will extend the biodiesel tax credit and offer additional disaster aid to farmers. The American Soybean Association says the biodiesel tax credit will “expand markets for soybean growers.” The tax credit expansion is part of a tax package amendment included in a funding bill for the Department of …

Farm Credit Administration: Expect Low Crop Prices in 2020

Dan Economy, Industry News Release

(NAFB) — A quarterly report to the Farm Credit Administration last week suggests commodity prices will mostly remain low next year. The report cites large global supplies of crops in storage, saying that will limit attractive price opportunities for U.S. farmers. For the next three years, soybean prices are projected at roughly $8.50 a bushel, with corn at $3.70 a …

Agricultural Outlook Hopeful as New Year Approaches

Dan Alabama, Economy, Education, Exports/Imports, Field Crops, Industry News Release, Trade

Some of the brightest minds in agriculture met Dec. 10 in Auburn to share ideas, discuss research and learn more about the current global agricultural outlook. Alabama Extension partnered with Auburn University’s Department of Crop, Soil and Environmental Sciences to bring a wide variety of speakers to the Alabama Row Crops Short Course to share updates with Alabama farmers. Speakers …

Dairy Margin Coverage Enrollment Ends Friday

Dan Dairy, Economy

Dairy producers are being reminded enrollment in the Dairy Margin Coverage (DMC) program for calendar year 2020 ends this Friday, Dec. 13. The DMC program offers reasonably priced protection to producers when the difference between the all-milk price and the average feed cost (the margin) falls below a certain dollar amount selected by the producer. Dairy farmers earned more than $300 …

A Third of 2019 Farm Income Derived from Government Assistance

Dan Economy

The overall 2019 farm income is projected to increase more than ten percent from last year, however much of the reason for the earnings growth is based on various assistance afforded to the agricultural industry.   According to a report from USDA’s Economic Research Service (ERS), net farm income is forecasted at $92.5 billion for 2019, an increase of $8.5 billion …

November Ag Economy Barometer Released

Dan Economy, Industry News Release

(NAFB) — The Purdue/CME Group Ag Economy Barometer rose in November for the second month in a row, climbing to 153, 17 points higher than in October when the index stood at 136. This month’s rise in the ag economy sentiment index left the barometer tied with July for the highest reading of 2019. Once again, the rise was driven …