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Acreage updates for cotton were made in several states based on a thorough review of all available data. All cotton planted area totaled 11.2 million acres, down 4 percent from the previous forecast but up 9 percent from 2023. Area harvested is forecast at 8.63 million acres, up 34 percent from 2023. All cotton production is forecast 15.1 million 480-pound bales, up 25 percent from the previous …
The USDA Natural Resources Conservation Service (NRCS) is accepting proposals until August 16, 2024 for their Wetland Reserve Enhancement Partnership (WREP). NRCS is investing up to $50 million through WREP to support conservation partners with local projects that help protect, restore and enhance critical wetlands on agricultural lands and help mitigate climate change. The program allows eligible conservation partners to work with local agriculture …
Farmer sentiment did see a slight improvement in July as the Purdue University/CME Group Ag Economy Barometer index rose 8 points to 113. The Index of Current Conditions was up 10 points to 100, and the Index of Future Expectations was 7 points higher than a month earlier. The July survey showed that high input costs remained the biggest concern for 34% of …
The USDA National Agricultural Statistics Service (NASS) Crop Production report shows corn production this year will be down 1% from last year while soybean production is expected to increase 10% from 2023. The corn forecast, at 15.1 billion bushels, is expected to have an average yield at a record high 183.1 bushels per acre, up 5.8 bushels from last year. Soybeans, forecast …
(USDA/WASHINGTON, August 7, 2024)Â — Agriculture Secretary Tom Vilsack has directed the U.S. Department of Agriculture (USDA) to aid recovery efforts for farmers, ranchers and residents affected by Hurricane Debby, which continues its track up the East Coast. USDA staff in offices across the country are ready to respond with a variety of program flexibilities and other assistance to producers and …
(FDACS/TALLAHASSEE, FL/July 31, 2024) — Today, Florida Commissioner of Agriculture Wilton Simpson announced the preservation of a Florida family farm through the Florida Department of Agriculture and Consumer Services’ (FDACS) Rural and Family Lands Protection Program. An approximately 1,449-acre portion of the Canaan Ranch, a 3,040-acre working tree farm in Gilchrist County, is being preserved through a rural land protection easement …
As commodity prices have continued to drop, many producers may face economic losses with less balance sheet resiliency. The economists at Agricultural Economic Insights (AEI) say recent loan data revealed that farmers utilized more non-real estate debt in early 2024. In the first quarter of the year, total non-real estate debt was 14 percent higher than in 2023. AEI says …
Despite some challenges this year, the U.S. pork industry remains an important contributor to the nation’s economy. National Pork Producers Council (NPPC), released its latest Economic Impact Report featuring new data on the U.S. pork industry’s contributions to the national economy. “It’s an interesting report because we look not just at the farm level, but we estimate the impact that arises …
History does repeat itself, especially in agricultural cycles. Rabobank put together a report on how farmers adjust input spending when commodity prices drop. It explores the responsiveness of input volume and price to farm profitability in America, forming a view of how the current downturn will impact the input marketplace through next year. For example, the report says farm machinery …
For forest and grazing landowners across the Southeast that received a questionnaire concerning conservation practices, the U.S. Department of Agriculture (USDA) wants to remind you the completed questionnaires need to be returned by July 28th. The Conservation Practice Adoption Motivations Survey (CPAMS) is a combined effort by the USDA National Agricultural Statistics Service (NASS) and Natural Resources Conservation Service (NRCS). They are looking to gather information to better understand …
