Coalition Asks Congress to Safeguard Crop Insurance

Dan Economy, Industry News Release

A coalition of more than 50 farm groups is asking lawmakers to safeguard crop insurance. The organizations, including the American Farm Bureau Federation, warned in a letter to top-ranking House and Senate budget leaders this week that “An overreliance on budget savings from the agriculture community and from crop insurance will unquestionably undermine rural economies.” 2018 farm profitability is expected …

Bipartisan Senators Introduce Major Disaster Relief Package

Dan Alabama, Economy, Florida, Georgia, Industry News Release

President Trump Drives Effort For Disaster Relief Funding U.S. Senators David Perdue (R-GA), Johnny Isakson (R-GA), Doug Jones (D-AL), Marco Rubio (R-FL), Rick Scott (R-FL), Tim Scott (R-SC), Thom Tillis (R-NC), and Dan Sullivan (R-AK) introduced a bipartisan disaster relief package with the backing of President Donald J. Trump. President Trump, working with this bipartisan group of senators, has confirmed …

Ag Lenders Say Farmers Depend on Off-Farm Income

Dan Economy, Industry News Release

The chief economist for the American Farm Bureau Federation says the worst threat to farmers currently is a general economic recession. It’s because so many farmers have now become dependent on off-farm income to make ends meet and stay in operation. Farm Bureau’s Chief Economist, John Newton, spoke during a panel of ag economists’ discussion at the Crop Insurance Industry …

Deadline Nearing for Spring Crop Insurance Sign-Up

Dan Economy

Farmers should note that important sign-up deadlines are coming up in the next few weeks for insurance coverage of spring planted crops. And as Rod Bain reports, a new endorsement is among the insurance offerings producers can consider. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024

USDA to Release Complete Set of Tables for Agricultural Projections to 2028

Dan Economy, Industry News Release

On Feb. 14, 2019 at 12 p.m. EST, the U.S. Department of Agriculture (USDA) will release the complete set of tables prepared for the upcoming USDA Agricultural Projections to 2028 report. The new tables will include projections for farm income, U.S. fruits, nuts, and vegetables supply and use, and global commodity trade. Tables containing long-term supply, use, and price projections …

Growth in Operating Loans Boosts Farm Lending

Dan Economy

The volume of non-real estate farm debt continued to increase in the fourth quarter of 2018, according to the Federal Reserve’s Agricultural Finance Databook. Total non-real estate farm loans were up nearly eight percent from a year ago, which was the seventh consecutive quarter of annual growth in loan volumes. In a news release, the Federal Reserve said the increase …

USDA Predicts 12 Percent Drop in Farm Income

Dan Economy, Industry News Release

Net farm income, a broad measure of profits, is forecast to decrease $9.1 billion, or 12.1 percent from 2017 to $66.3 billion in 2018, after increasing $13.8 billion in 2017. The Department of Agriculture’s Economic Research Service recently announced the forecast. USDA says, meanwhile, net cash farm income is forecast to decrease $8.5 billion, 8.4 percent, to $93.4 billion. Net …

Survey Shows Farmers Concerned with Lack of Farm Bill

Dan Economy, Industry News Release

Farmers are expressing concern over the lack of a new farm bill in the latest Purdue University/CME Group Ag Economy Barometer. The monthly survey in November asked producers how concerned they were regarding the farm bill. 75 percent of respondents said they were either somewhat or very concerned about the lack of a new farm bill with 33 percent of …