Economist Says Strong Net Farm Income Helping Producers
LAKELAND, FL – Despite rising interest rates and input costs, the 2022 farm economy is […]
farm economy
Farmer Sentiment Down 30 Percent Since November 2020
Volatilty in commodity markets combined with historic increases in crop input prices are leading farmers and ranchers down a road of growing pessimism.
Despite Recent Price Declines, Producers Slightly More Optimistic
Farmers and ranchers appear to be slightly more optimistic about the agricultural economy, according to the latest results from the August Purdue University/CME Group Ag Economy Barometer.
Net Cash and Farm Income Reaching 7-Year Highs
USDA’s Economic Research Service forecasts inflation-adjusted net cash farm income to increase by 17.2 percent from last year.
Farm Bankruptcies Bucking Trend, Fall to Six-Year Low
According to the data from the U.S. Courts, there were 24 percent fewer filings over the past year with the total number of 438 representing the lowest number since 2015.
Farm Income and Credit Conditions Continue to Improve
Alongside a sharp turnaround in agricultural economic conditions and lasting support from government programs related to pandemic relief, both farm income and loan repayment rates increased from a year ago.
Few ‘Corporate’ Farms in U.S., Most are Sole-Proprietors
According to AgAmerica Lending,the average farm size in 2019 was one acre larger than the same farm in 2018. USDA statistics show that increase in farm size comes at the expense of a decline in total number of operations.
U.S. Farms Come in Many Shapes and Sizes
From a sunny citrus grove in Florida to a colorful Washington apple orchard, the U.S. is home to a wide variety of farm operations. That being said, every farm operates differently and faces unique challenges.
Longtime Ag Economist Says Sustained Inflation Not Likely
As more economists warn about the pending threat of sustained inflation, one agricultural economist suggests the fear may be unwarranted.
How Much Does a Farmer Make? Hearty Meal
How much does the farmer make? You might be surprised to learn that the farmer receives less than 10 percent of the profit on one pound of boneless ham at the grocery store.
How Much Does a Farmer Make? Salad Items
How much does the farmer make? According to the National Farmers Union, a farmer makes 7 percent of the profit from a pound of lettuce.
Farmers’ Working Capital Expected to Dip in 2021
The Economic Research Service forecasts farm sector working capital will likely face the largest decline in five years in 2021.
Government Projects Banner Year for Net Farm Income
Last year proved to be an interesting year for many reasons, but according to the Economic Research Service, 2020 may be remembered for being the year agriculture broke out of the recession to the industry had suffered through for almost a decade.
Agricultural Exports Responsible for $300 Billion to Economy
How important are exports for U.S. agriculture? According to the Economic Research Service, ag exports add $302 billion in economic output every year.
Financial Stress on Farms Easing With Economic Improvements
Economic and financial conditions in U.S. agriculture continued to strengthen in the first quarter alongside ongoing increases in the prices of major row crops.
Global Economic Crisis Could Cost U.S. Agriculture $4 Billion
The United States is a major exporter of agricultural products, with about 20 percent of its farm output sold abroad, however, an economic crisis in foreign markets is threatening to reduce U.S. export sales.
Despite Volatility, Agricultural Economist Appears Optimistic About 2021
Volatile seems to be one of the best words to describe 2020, especially in agriculture.
Dairy Producers Make Least From Off-Farm Income
Though some producers are able to supplement their income with off-farm jobs, the Economic Research Service says dairy producers are the least likely to do so.
Will Consumer Spending Steer Farm-Level Investments in 2021
The U.S. economy continues to outperform expectations as stimulus funds are fueling robust consumer spending.
Most Agricultural Landlords Live Within Hour of Farms
What role do most landlords have in the operation of their farms? That’s a question the Economic Research Service has been asking.
KC Federal Reserve: Signs Point to Agricultural Recovery
Economic conditions in agriculture improved dramatically in the fourth quarter of 2020 alongside sharp increases in the prices of several major commodities, according to the Federal Reserve Bank of Kansas City.
More Than 40 Percent of Farmers Working “Off-Farm”
According to the Economic Research Service, in 2019, about 71 percent of farm households had one or more members earning wages away from the farm.
Ag Lender Concerns Last Year, Still Top List
As the farm economy continues to work through a prolonged downturn amid a global economic slowdown, agricultural lenders remain concerned with the same factors for themselves and their borrowers as they did last year.
Despite Tough Agricultural Conditions, Lenders Expect Borrowing Expansion
As the farm economy continues to work through a prolonged downturn in the midst of an unparalleled, global economic dislocation, ag lenders remain focused on credit quality.
Current Farm Challenges Not Comparable to 1980s Crisis
Times are tough on the farm right now as commodity prices have fallen significantly, and in some cases by 50 percent since 2014.
Though Ag Conditions Weaken, Rural Areas Remain Optimistic
Bankers responding to the third-quarter survey reported overall weaker conditions across most regions of the Eleventh Federal Reserve District in Dallas.
Brazil Third Biggest Competitor to U.S. Agricultural Exports
razil has emerged as a major competitor for the United States in global agricultural markets, and is now the world’s third largest exporter behind the European Union and the United States.
Agricultural and Rural Economies Weathering Coronavirus Storm
The coronavirus pandemic has now impacted all four quarters of 2020, and seemingly every aspect of life and business.
Though Uncertain, Signs Point to Gradual Economic Recovery
World trade shows signs of bouncing back from a deep, COVID-19 induced slump, but World Trade Organization economists caution that any recovery could be disrupted by the ongoing pandemic effects.
Report Suggests Six Million New American Jobs Coming
According to the Occupational Outlook Handbook, the U.S. economy is projected to grow by .4 percent or an additional 6 million jobs by 2029.
Ag Bankers Believe Market Stabilization Could Be Near
The Federal Reserve released its latest Beige Book, and according to the Kansas City Federal Reserve Bank, the Tenth District farm economy remained weak despite some signs of stabilization in markets for key agricultural commodities.