farm income | Red River Farm Network

Farm Bankruptcy Rate is Low

Published January 23, 2022

Farm net incomes are going up. American Sugar Alliance Director of Economics and Policy Analysis Rob Johansson credits the increase to crop and livestock values remaining strong through 2021. "From the December USDA release, farm income is expected to be…

Top Story #5: The Farm Balance Sheet and Strong Commodity Prices

Published December 29, 2021

According to Bell Bank Senior Vice President of Agribusiness Development Lynn Paulson, 2021 was a decent year financially for many farmers despite the dry conditions. "Even producers with marginal yields probably did ok, partly due to increased commodity prices and…

Northern Plains Net Cash Farm Income Won’t Change Much

Published February 15, 2021

Net cash farm income for the Northern Plains in 2021 isn’t expected to change much from 2020. NDSU Extension Ag Finance Specialist Bryon Parman says the rally in market prices is going to help farmers. "The Heartland is expecting a…

The Impact of Record Level Ad-Hoc Payments on Ag

Published December 2, 2020

University of Missouri Food and Agricultural Policy Research Institute Director Pat Westhoff isn’t surprised with USDA's revised farm income forecast. Ad-hoc payments, including the Coronavirus Food Assistance Program combined with the Paycheck Protection Program, total $32.4 billion. "There's a lot…

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.…

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Articles tagged under: farm income

Farm Bankruptcy Rate is Low

Top Story #5: The Farm Balance Sheet and Strong Commodity Prices

Northern Plains Net Cash Farm Income Won’t Change Much

The Impact of Record Level Ad-Hoc Payments on Ag

USDA Boosts Net Farm Income in Revised Forecast

Farm Income Shaken by the Events of 2020

Ag Economy Barometer Sets All-Time High in October

MFP: a Large Share of 2018 Net Farm Income

MN Farm Income Hits 23-year Low

Farm Income Higher, Farm Debt Higher

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