Articles tagged under: farm income
USDA Boosts Net Farm Income in Revised Forecast
Published December 2, 2020
The USDA’s Economic Research Service increased its net farm income forecast by 43 percent to $119.6 billion. With an inflation adjustment, this puts net farm income at the highest level in seven years. The majority of the farm income increase…Farm Income Shaken by the Events of 2020
Published November 17, 2020
Just under 51 percent of agricultural borrowers will see a profit this year. That’s down six percent from one year ago. The fall survey produced by the American Bankers Association and Farmer Mac found more than half of the lenders…Ag Economy Barometer Sets All-Time High in October
Published November 3, 2020
The Purdue University/CME Group Ag Economy Barometer set an all-time high in October, fueled by the optimism of the future and current financial situation for farms. An early fall rally in commodity prices combined with government payments and decent yields…MFP: a Large Share of 2018 Net Farm Income
Published May 2, 2019
The USDA Market Facilitation Program was a one-time effort to mitigate trade-related losses. AgCentric Director Keith Olander, who is based at Staples, Minnesota, says MFP payments were responsible for nearly all of the net farm income. "Medium net farm income…MN Farm Income Hits 23-year Low
Published March 27, 2019
Last year, Minnesota farms earned the lowest median farm income in the past 23 years. The median net farm income for 2018 was reported at $26,055, down eight percent from the previous year. University of Minnesota Center for Farm Financial…Farm Income Higher, Farm Debt Higher
Published March 7, 2019
USDA is forecasting a nearly five percent increase in net cash farm income. At $69 billion, net farm income is well below the $90 billion average seen since the year 2000. Meanwhile, farm debt is projected increase nearly four percent.…Farm Income Projected to Increase in ’19
Published March 6, 2019
USDA expects 2019 net cash farm income to increase $4.3 billion this year, totaling $95.7 billion. That’s up nearly five percent from last year. Median farm household income is forecast to approach $79,000 this year. That would be nearly four…USDA Expects a Decrease in Farm Income
Published December 4, 2018
According to USDA, net farm income is projected to decrease 12.1 percent to $66.3 billion in 2018, after increasing $13.8 billion in 2017. Meanwhile, net cash farm income is expected to decrease by 8.4 percent, to $93.4 billion. Cash receipts…USDA Expects U.S. Farm Income to be Lower
Published August 31, 2018
U.S. farm net income is expected to be down 13 percent to $66 billion as global trade disputes linger. USDA Chief Economist Rob Johansson lower commodity prices are expected to be offset somewhat by higher production. "The big change is…