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.
farm economy
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.