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Below you'll find a list of all posts that have been categorized as “Economy”
We told you earlier this week that the final farm income picture for 2021 is shaping up even better than had been expected. USDA’s Economic Research Service recently updated their farm sector profit projections, which are now forecast to increase this year. But according to a story from Gary Crawford, farmers this year are getting a much smaller share of their income …
(NSF-TALLAHASSEE/Dec 9, 2021) — Saying that Florida is “clicking on all cylinders,” Gov. Ron DeSantis on Thursday proposed an election-year $99.7 billion budget that would funnel money to education, the environment and law-enforcement officers while giving motorists a temporary gas-tax break. The proposal, which came as DeSantis runs for a second term in November, will be a starting point for …
USDA has raised their projections for net farm income in 2021. Tyron Spearman has the story.
While the U.S. and global economies have continued to grow, the pace has slowed over the second half of 2021. But in the construction and agriculture equipment industries, stronger-than-expected growth this year has many manufacturers feeling optimistic about 2022. According to results from the Association of Equipment Manufacturers (AEM) fall member survey, more than 80 percent of their members anticipate rising demand …
The U.S. Department of Agriculture (USDA) has opened sign-up for the Dairy Margin Coverage (DMC) program and notes they’ve expanded the program to allow dairy producers to better protect their operations by enrolling supplemental production. Supplemental DMC will help small and mid-sized dairy operations that have increased production over the years but were not able to enroll the additional production. …
The Purdue University/CME Group Ag Economy Barometer dropped five points in November to a reading of 116, as producers continue to be pessimistic about both the current and future outlook of the agricultural economy. Farmers are facing sharp increases in their cost of production that coincide with fluctuating crop and livestock prices. Other issues of concern are the prospect of …
(TALLAHASSEE, FL/Dec. 7, 2021/The News Service of Florida) — The major Florida citrus company and landowner Alico, Inc. saw harvested boxes of fruit decrease during the fiscal year that ended Sept. 30 but got a boost from higher prices linked to consumer demand for orange juice, the company said in federal Securities and Exchange Commission filings released Tuesday. Alico said …
New funding was recently awarded to help expand the commercial export of U.S. agricultural products. Tyron Spearman has the story.
A dramatic rise in fertilizer prices weighs heavily on U.S. crop farmers and input suppliers as they prepare for the 2022 planting season. Prices for nitrogen-based fertilizers commonly used for corn production have skyrocketed to all-time highs in recent months. Fertilizer price increases are driven by nitrogen production challenges, tight global supplies, rising natural gas costs and steady demand. According …
Agricultural lending at commercial banks continued to decline but showed some signs of stabilizing in the third quarter. Data reported by the Kansas City Federal Reserve Bank this week shows farm debt decreased at the slowest pace in two years. Non-real estate debt declined substantially slower than in recent quarters, and farm real estate loans increased slightly for the first …
