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Balanced Reporting. Trusted Insights.
Thursday, August 18, 2022
Net farm income should increase by about 10 percent in 2019 but will still be well below the average level for the past two decades and far under recent peaks, according to USDA's latest forecast.
Editor's note: This is the third in our seven-part in-depth editorial series where we look ahead at “Farm & Food 2040.” Part three looks at how the failure to pass meaningful immigration reform is fueling adoption of the newest technologies in automation—primarily robotics—to stem the need for immigrant farmworkers. And we also feature new research identifying the "Farmer of the Future."
Agriculture Secretary Sonny Perdue said USDA developed evaluation criteria for interested parties who wish to house the Economic Research Service (ERS) and the National Institute for Food and Agriculture (NIFA).
I was stunned when I saw the USDA announcement that they were moving their food, agriculture and economics research agencies outside of Washington, DC.
USDA today forecast net farm income for this year at $65.7 billion, up from a February projection but down $9.8 billion, or 13 percent, from 2017, when the broad measure of farmland profits increased nearly 23 percent.
There are some similarities and some notable differences between the current 'trade war' with China and the Soviet Grain embargo, according to economists.
As trade tensions continue to rise, the thought of having to deal with another tough year of tight or absent financial margins can be daunting. According to the USDA's latest forecast, net farm income for 2018 is expected to fall to $59.5 billion, a 12-year low.
A new report by USDA’s Economic Research Service finds that the department’s Value-Added Producer Grants (VAPG) program has had a positive effect on the survival and growth of rural businesses.
Net farm income for 2018 is projected to hit the lowest level since 2006, according to a report released today from the USDA's Economic Research Service.
Rural hospitals, nursing homes and other health care facilities provided more than 1.25 million wage and salary jobs in 2011, accounting for 8.5 percent of rural wage and salary employment, says a new USDA report.
