farm income | Red River Farm Network

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…

AEM Reports Sluggish Equipment Sales

Published May 16, 2018

The latest report from the Association of Equipment Manufacturers shows increased combine sales. U.S. retail sales of combines increased nearly 59 percent last month, compared to April of 2017. However, total tractor sales in the U.S. rose less than one…

RRV Farm Income Down in ’17

Published April 26, 2018

Average net income fell 28 percent for Red River Valley farms in the Minnesota and North Dakota Farm Business Management Programs in 2017. The average net farm income was just over $102,000. However, North Dakota State University Extension farm resource…

Okay Year for Red River Valley

Published April 10, 2018

Minnesota Farm Business Management released their 2017 farm financials. Northland Community and Technical College Farm Business Management Instructor, Ron Dvergsten, says even with tough commodity prices, the average Red River Valley farm did make some money in 2017. “This can…

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Articles tagged under: farm income

Farm Income Higher, Farm Debt Higher

Farm Income Projected to Increase in ’19

USDA Expects a Decrease in Farm Income

USDA Expects U.S. Farm Income to be Lower

AEM Reports Sluggish Equipment Sales

RRV Farm Income Down in ’17

Okay Year for Red River Valley

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