Following years of decline, net farm income in 2017 for the U.S. farm sector as a whole is forecast to be relatively unchanged at $63.2 billion in inflation-adjusted terms. The figure is up about one half billion dollars, or .8 percent. Meanwhile, inflation-adjusted U.S. net cash farm income is forecast to rise almost $2.0 billion, 2.1 percent, to $96.9 billion. …
Ag Economist: Farming Preparing for Financial Winter
If you’re not happy with the weather, wait a little while and things will change. That phrase works not only for the weather, but the overall ag economy. Ag economist and financial analyst Dr. Dave Kohl recently spoke at the 2017 Ag Bankers Conference in Wisconsin. He said the ag economy runs through four seasons. He also said the current …
Perdue on President’s “Bring Back Main Street” Message
U.S. Secretary of Agriculture Sonny Perdue echoed President Donald J. Trump’s message that tax cuts and reforms are needed to increase American prosperity. The president delivered remarks with a “Bring Back Main Street” theme in St. Charles, Missouri, highlighting the need for tax relief to boost the economy, particularly in the heartland. Perdue issued the following statement: “The people of …
Cattlemen Watching Tax Reform Debate
Tax reform has been a major issue in Washington D.C. and an issue many in agriculture have been following very closely. A topic Colin Woodall, National Cattlemen’s Beef Association’s Senior Vice President of Government Affairs and I have had at the end of the year for many years, has been the death tax. Cattlemen Watching Tax Reform Debate Sponsored ContentCIR …
Rural Population Growth Down Again From Previous Year
For the sixth consecutive year, overall U.S. rural population declined, although some regions reported population growth. Rod Bain has the story. Sponsored ContentCIR Agriculture Harvester ProductsJuly 1, 2026FL Cattle Enhancement Board Wraps up Funding YearJune 30, 2026Florida Cattle Enhancement Board Awarded Researcher Discusses New World Screwworm OverviewJune 19, 2026Verdant Robotics Offers Growers Targeted Application of Herbicides or Beneficials …
Tax Reform, Crop Yields, Commodity Prices
There’s lots of talk about tax reform, crop yields, and commodity prices these days, but little about a 2018 farm bill. And it now appears formal writing of a new farm bill may have to wait ‘til next year. Earlier in the year, there was lots of talk about a new farm bill. That was August. Two months later, Democrat Debbie …
Farmers Getting Only 11 Cents of Every Food Dollar
The National Farmers Union and the American Farm Bureau Federation say that consumers are paying less and farmers are receiving less for this year’s Thanksgiving Day dinner. The NFU Farmer’s Share publication says farmers and ranchers get 11.4 cents of every dollar that consumers spend on their turkey day dinner. The Farm Bureau’s annual Thanksgiving Day Price Survey found that …
Peterson Likes Senate Tax Bill Better Than House Version
House Ag Committee ranking member Collin Peterson says the Senate tax bill is closer to something he can support than the House Bill. The Minnesota Democrat hopes changes will be made so he can support the conference report. Peterson tells the Hagstrom Report that he supports lowering corporate tax rates but not at the expense of raising taxes on individuals. …
Tax Bills ‘Marginally Beneficial to Industry’
The pork industry says the tax bills moving in Congress are “marginally beneficial to the industry,” which continues to pursue improvements as the measures continue to advance. The pork industry is generally pleased with the House-passed and Senate-Finance-passed tax bills, but National Pork Producers’ (NPPC) Dustin Baker says NPPC is seeking added changes. Baker says the three breaks are used …
Perdue Comments on House Passage of Tax Cuts and Reforms
U.S. Secretary of Agriculture Sonny Perdue hailed the House of Representatives’ passage of historic tax cuts and reforms as an important step toward providing much-needed relief to Americans, creating jobs, and boosting the economy. Perdue issued the following statement: “We haven’t had an overhaul of the burdensome federal tax code since the mid-1980s and it is well past time to …