farm economy | Red River Farm Network

Farm Assets are One Driver in a Tough Economy

Published November 19, 2019

Farmers are starting to meet with their bankers as the end of the year approaches. "Currently, the farm economy remains soft," says American Farm Bureau Federation economist Veronica Nigh. Just this year alone farm bankruptcies were up 24 percent compared…

A Better Ag Barometer Reading in July

Published August 7, 2019

The latest Purdue University CME Group Ag Economy Barometer jumped to a reading of 153 in July. That's an increase of 27 points compared to June. July is second consecutive monthly increase in the barometer. Purdue University agricultural economists say…

Ag Groups Push for Stress Assistance Network Funding

Published March 26, 2019

A coalition of agriculture groups are urging Congress to provide $10 million for the Farm and Ranch Stress Assistance Network in fiscal year 2020. The program provides grants for extension services, state departments of agriculture and other entities to administer…

Back to the Marketing Basics

Published March 7, 2019

In a tough agriculture economy, farmers are weighing their options when making decisions. According to Jessi Way, a farm marketing consultant with Hurley & Associates, producers should first understand the basic needs of their farm. "The biggest factor right now…

NFU Members Meet to Discuss Policy Priorities

Published March 4, 2019

National Farmers Union members are meeting in Bellevue, Washington this week to set policy priorities for the year ahead. The farm economy is getting attention."Net farm income is about half of what it was five years ago. That creates all…

Caution Seen in Farm Attitudes

Published January 8, 2019

According to the Purdue/CME Group Ag Economy Barometer, the farmer’s perception about the farm economy weakened in December. While the current economic conditions are troubling, the survey found farmers are more confident about the future. The study found farmers remain…

Large-Scale Loans Drives Ag Lending Activity

Published October 19, 2018

The volume of non-real estate farm loans rose sharply in the third quarter. According to the Federal Reserve’s Agricultural Finance Book, The total loan volume was up 30 percent from one year ago. Nathan Kauffman, who is a vice president…

Farm Financial Situation is “Not as Bad as Feared”

Published October 17, 2018

Trade with China is the biggest risk for U.S. agriculture. Given the trade situation, CoBank Economist Will Secor says the farm financial situation is better than expected. "My gut is if they're making sales and with the Market Facilitation Program,…

Sombke “Not Optimistic” About Farm Bill

Published September 20, 2018

Congress has limited days left to meet their September 30 deadline to pass a farm bill. South Dakota Farmers Union President Doug Sombke isn’t optimistic about a farm bill being completed by the deadline. "It's going to be punted. There's…

Local Ag Lenders Prepare for Farmer Meetings

Published September 20, 2018

Frandsen Bank and Trust Vice-President, Commercial and Agriculture Lender Brandon Heider, based in East Grand Forks, Minnesota, is preparing to review short-term cash flow with farmers. There could be difficult discussions ahead. Listen to this story.

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Articles tagged under: farm economy

Farm Assets are One Driver in a Tough Economy

A Better Ag Barometer Reading in July

Ag Groups Push for Stress Assistance Network Funding

Back to the Marketing Basics

NFU Members Meet to Discuss Policy Priorities

Caution Seen in Farm Attitudes

Large-Scale Loans Drives Ag Lending Activity

Farm Financial Situation is “Not as Bad as Feared”

Sombke “Not Optimistic” About Farm Bill

Local Ag Lenders Prepare for Farmer Meetings

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