Seth Meyer | Red River Farm Network

Direct Payments Key to Farm Income Growth in 2025

Published February 7, 2025

Net cash farm income for the calendar year 2025 is forecast at $193.7 billion, up 22 percent from 2024. Net farm income is forecast at $180.1 billion, up 29.5 percent from the prior year. "When you look at net cash…

The Last Word

Published March 29, 2024

The Prospective Plantings Report is USDA’s best acreage guess before most planters begin to roll. USDA Chief Economist Seth Meyer said weather remains the wild card. "Weather always has the last say, right? When we think about a lot of things…

Ag Outlook Forum: Margins to be Squeezed in ’24

Published February 15, 2024

At its 100th Annual Ag Outlook Forum, USDA estimated corn acreage at 91 million acres and soybeans at 87.5 million acres. If realized, corn acreage would be down 3.6 percent from last year and soybeans would be down nearly four…

More Soybean Oil Going to the Biodiesel Market

Published October 13, 2023

Thursday’s USDA report indicated more soybean oil is going into biodiesel. USDA Chief Economist Seth Meyer credits the interest in renewable diesel fuel. "It will be interesting to see how this industry evolves between renewable diesel production and more traditional fame…

More Soybeans and Wheat, Less Corn Acreage Forecast

Published February 25, 2022

USDA’s Prospective Plantings Report at the end of March will offer more insight into U.S. acreage. The USDA offered a sneak peek during the Ag Outlook Forum. "Eighty-eight million acres of soybeans, up a little from last year," said USDA…

Input Costs Cut Into Net Farm Income

Published February 7, 2022

USDA is projecting 2022 net farm income at $113.7 billion, down 4.5 percent from last year. "A lot of the decline is due to the drop in government payments and higher production expenses," said Spiro Stefanou, administrator, USDA Economic Research…

USDA Lowers Fiscal Year 2022 Ag Export Forecast

Published November 26, 2021

The value of agricultural products that China will purchase in the current fiscal year may not be as high as earlier predictions. USDA Chief Economist Seth Meyer says China’s needs are changing as their hog herd stabilizes. "The new fiscal…

U.S. Acreage and China Demand Highlighted in Ag Outlook Forum

Published February 19, 2021

Exports, acreage and the farm income forecast dominated the opening session of USDA’s Ag Outlook Forum. USDA Chief Economist Seth Meyer anticipates China demand to remain strong in the next year. "Outstanding sales, what we have on the books for…

Johansson to Depart USDA

Published December 15, 2020

After 16 years, Chief Economist Rob Johansson will be leaving USDA at the end of January. Johansson’s next job is with the American Sugar Alliance as associate director of economics and policy analysis. As a result, Seth Meyer will return…

Acreage Report is Foundation for Thursday’s S/D Numbers

Published July 8, 2019

While the recent USDA acreage report was widely discounted, that data will be used to produce this week’s supply/demand report. "Absolutely, we will use the NASS information as the foundation for the decisions we make in the July WASDE," said…

Articles tagged under: Seth Meyer

Direct Payments Key to Farm Income Growth in 2025

The Last Word

Ag Outlook Forum: Margins to be Squeezed in ’24

More Soybean Oil Going to the Biodiesel Market

More Soybeans and Wheat, Less Corn Acreage Forecast

Input Costs Cut Into Net Farm Income

USDA Lowers Fiscal Year 2022 Ag Export Forecast

U.S. Acreage and China Demand Highlighted in Ag Outlook Forum

Johansson to Depart USDA

Acreage Report is Foundation for Thursday’s S/D Numbers

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