Strong growth in both the U.S. and global economies will support increased demand in domestic and export markets through the end of the year. However, U.S. competitiveness is currently constrained by trade uncertainties and the high value of the U.S. dollar, further placing pressure on the agricultural economy as output in most industries rises. The latest Quarterly Rural Economic Review …
Farm Real Estate Levels Remain Near Record Highs
Farm real estate values remain near record levels set in 2015, despite a significant drop in farm income and a weak farm economy. The Department of Agriculture’s Economic Research Service says the value of U.S. farm real estate is a critical barometer of farm financial performance, that’s because farm real estate, including land and the structures on the land, generally …
Latest Numbers for the Dairy Industry
While some dairy exports are down, Stephanie Ho reports prices are mostly up for most dairy products. Latest Numbers for the Dairy Industry Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Report Shows Florida Agriculture, Natural Resources and Food Industries Grew 2007-2016
The latest installment of an annual report from the University of Florida Institute of Food and Agricultural Sciences reveals some good news about the state’s economy – from 2007 to 2016, the portion of Florida’s Gross State Product (GSP) generated by agriculture, natural resources and food industries grew at a faster rate than the state’s total GSP, a statistic commonly …
Soybean Prices Improve 15 Percent if Tariffs Resolved
If the U.S. can get its trade disputes resolved, one economist says soybean prices could jump as much as 15 percent higher. Farm Journal’s Ag Web Dot Com quotes Jackson Takach of Farmer Mac as saying there’s no underestimating the importance of trade to agriculture. “One of every $4 or $5 in farm income is from foreign sources,” he says. …
2019 Farmland Rental Rates Expected Steady with 2018
Farmland rental rates are not expected to change much in 2019. A new forecast by Farmers National Company predicts cash rental rates for 2019 to stay the same as 2018, for the most part. The company notes that despite current low grain prices, many farmers had the opportunity to forward price corn and soybeans at similar or better prices than …
August Rural Mainstreet Index Rises, Ag Worries Remain
The Creighton University Rural Mainstreet Index climbed above growth neutral in August for a seventh straight month. The monthly survey of bank CEO’s in ten Midwestern states climbed to 54.8 from 53.8 in July. The index ranges between 0 and 100 with 50.0 representing growth neutral. Organizer Ernie Goss says recent surveys show the Rural Mainstreet economy is expanding outside …
USDA Launches Trade Mitigation Programs
U.S. Secretary of Agriculture Sonny Perdue launched the trade mitigation package aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations. Producers of certain commodities can now sign up for the Market Facilitation Program (MFP), while USDA will also begin to purchase identified commodities under a food purchase and distribution program. Additionally, USDA has begun …
Dairy Farms Turning to GoFundMe to Stay in Business
The wife of a Wisconsin dairy farmer started a GoFundMe page to help their family farm survive. With a goal of $35,000, the story made national headlines over the weekend, and as of Tuesday, donations have reached $90,000. In her message, the wife was “asking for help to keep our small family dairy farm going.” The family farm recently went …
Commodity Prices Have Landowners Searching for Additional Income
Low commodity prices have landowners searching for alternative incomes, according to Farmers National Company. The company says this is especially true as farmers head into harvest of the 2018 crops with current prices impacted by trade issues. In some states, landowners have also been facing increased costs due to rising property tax bills. For owners who have the right type …