The U.S. Department of Agriculture (USDA) has designated 12 more counties in Georgia as primary natural disaster areas due to drought conditions. The Secretarial natural disaster designation allows the Farm Service Agency in Georgia (FSA-GA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. The additional primary Georgia counties are Bartow, Cherokee, Dawson, Fannin, Floyd, Forsyth, Gilmer, Gordon, …
Continuing to Track the Stock Market
Traders are trying to predict what the Federal Reserve will do with interest rates and it has many of them keeping a close eye on the stock market. Mark Oppold has more details. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Farmer Sentiment Improves, Producers Credit Stronger Financial Conditions
For the second month, farmer sentiment improved as the Purdue University-CME Group Ag Economy Barometer climbed five points. November’s 12-point rise in the Current Conditions Index to a reading of 113 was primarily responsible for the month’s sentiment improvement as the Index of Future Expectations only improved by two points. Both sub-indices exceeded their year-ago levels in November. The Current …
“True Cost” of Food Discussed at COP28
True cost accounting takes into consideration every possible expense involved in an activity. In the case of agriculture, two recent true cost accounting reports show there are many hidden costs in the food supply around the world. They were a topic of discussion at the UN Climate Change Conference, COP28, this week in Dubai. Sara Farley, Vice President of the …
Keeping an Eye on Wall Street
Traders are keeping an eye on Wall Street. Mark Oppold has more on that, along with noting where the national debt currently stands. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
USDA Releases Farm Sector Income Report
USDA’s Economic Research Service (ERS) released its annual Farm Sector Income Forecast Report for 2023 which shows lower net farm income this year. Ag Secretary Tom Vilsack says while net farm income will drop below the record high in 2022, it’s one of the best years on record for the overall farm sector at $151.1 billion. “In fact, net cash …
Tracking Various Agricultural Commodities for the Year
Last week Mark Oppold talked about various agricultural commodities and how November was not a very friendly month for many of them. Today he looks at how they’ve performed so far this year. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Optimism in Christmas Tree Industry
There’s optimism about the future of the Christmas tree industry. Gary Crawford has more coming up on This Land of Ours. Ten to fifteen years ago Christmas tree growers were worried about the long-term future of their industry. Today that worry is changing into optimism. It seems more and more people are telling us that they are done with artificial …
Many Agricultural Commodities Struggle in November
Like the past couple of months, November was not a very friendly month for many of the agricultural commodities. Mark Oppold looks at how trading did this past month. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Most States Saw Growth in Net Farm Income During 2022
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, …