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
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
(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 …
Livestock Cash Receipt Trends
USDA recently released the November 2019 Farm Income Forecast, which shows net farm income is forecast to increase $8.5 billion, or 10.2 percent, to $92.5 billion this year. USDA Chief Economist, Rob Johansson, looks at the livestock cash receipt trends for 2019 compared to 2018. Sponsored ContentFlorida Senator Shares Origins of Florida Cattle Enhancement BoardNovember 14, 2025CIR Agriculture Harvester ProductsNovember 8, …
Dairy Margin Coverage Program Enrollment Deadline Nearing
Here is a reminder for dairy producers that enrollment in the Dairy Margin Coverage (DMC) for calendar year 2020 ends Dec. 13. The DMC program offers reasonably priced protection to dairy 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. Producers who want 2020 coverage, even …
Farmers Receive 12 Cents of the Thanksgiving Food Dollar
(NAFB) — Farmers and ranchers take home just 12.1 cents from every dollar that consumers spend on their Thanksgiving dinner meals, according to the National Farmers Union. NFU’s annual Farmer’s Share publication compares the retail food price of traditional holiday dinner items to the amount the farmer receives for each item they grow or raise. On average, farmers receive 14.6 …
Eligible Cotton Producers Receiving MFP Payments
The U.S. Department of Agriculture (USDA) has begun issuing the second tranche of payments for the 2019 Market Facilitation Program (MFP). Producers of MFP-eligible commodities, like cotton, will be eligible to receive 25% of the total payment expected, in addition to the 50% already received. National Cotton Council (NCC) Vice President of Washington Operations, Reece Langley, notes a third tranche …
Disaster Block Grant and MFP Dollars Coming
The U.S. Department of Agriculture (USDA) recently announced the second tranche of 2019 Market Facilitation Program (MFP) payments’ aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations’ will be coming soon. Tyron Spearman has more on that, plus also notes Disaster Aid Block Grant money will be coming to some producers in the Southeast. Sponsored …
How Farm Credit Associations Treat Hemp Farm Loans
In late October, the U.S. Department of Agriculture (USDA) announced they were establishing the U.S. Domestic Hemp Production Program, which basically creates a consistent regulatory framework around hemp production throughout the U.S. So with efforts underway to get this established, some wonder how farm credit associations will treat farm loans for hemp. Chairman/CEO of the Farm Credit Administration, Glen Smith, recently told …
Farm Credit System Strong. Farm Economy Not So Strong
The top Farm Credit Administration official says there are some worrisome similarities between the current farm economy and conditions in the early 1980’s. Gary Crawford has the story. Sponsored ContentFlorida Senator Shares Origins of Florida Cattle Enhancement BoardNovember 14, 2025CIR Agriculture Harvester ProductsNovember 8, 2025Florida Cattle Enhancement Board Plays Critical Role To Extend ResearchNovember 7, 2025Florida Cattle Enhancement Board Funded …