How bad is the farm economy? Answers vary, but underlying concerns remain

10/14/20 6:41 AM By Sara Wyant

Some big 2021 unknowns persist, including how COVID-19 will continue to disrupt markets and demand, whether government payments will continue to be robust and whether or not U.S. farmers can pivot to gathering more of their income from the marketplace.

Censky optimistic for October, calling preliminary China talks 'positive'

09/23/19 5:19 PM By Ben Nuelle

Deputy Ag Secretary Steve Censky says last week’s preliminary trade conversations with Chinese officials were “positive, productive” talks.

FAPRI forecast shows slightly tougher year for farm economy

04/10/19 6:15 AM By Philip Brasher

The latest forecast from the University of Missouri’s Food and Agriculture Policy Research Institute projects farm earnings will be lower this year than what USDA economists are expecting.

USDA: Farm earnings to rise 10 percent in 2019

03/06/19 2:21 PM By Spencer Chase

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.

USDA increases net farm income projections for next decade

02/14/19 5:14 PM By Ben Nuelle

The Department of Agriculture drastically increases net farm income projections after releasing the complete list of tables for their upcoming Agricultural Projections Report, expected to be released mid-March.

USDA farm income forecast sees lower incomes in 2018

11/30/18 4:47 PM By Steve Davies

Increased production costs are cutting into farm income, which is expected to fall 12 percent in 2018, USDA’s Economic Research Service said Friday.

USDA sees another big drop in farm income for 2018

08/30/18 3:00 PM By Daniel Enoch

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.

Alternative lenders aim to fill farm lending gaps this fall

08/08/18 5:24 AM By Delaney Howell

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.

Net farm income seen falling to lowest level since 2006

02/07/18 4:59 PM By Simon Schuster

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.

AgResource Co. sees stagnant commodity markets

12/06/17 6:18 AM By Steve Davies

U.S. farmers need to start planning now to survive stagnant commodity markets, agricultural economist Dan Basse told an audience at the American Seed Trade Association Tuesday.

USMEF President and CEO Dan Halstrom

This week’s Open Mic guest is Dan Halstrom, president and CEO of the U.S. Meat Export Federation. While the global food distribution system may have been altered by the COVID-19 pandemic, Halstrom says consumer demand for U.S. beef, pork and lamb continues to grow. USDA data suggests strong demand for red meat thanks to recent trade agreements giving U.S. producers a more level playing field to compete in global market. Halstrom expects recovery from the pandemic in certain countries as well as online trends in consumer shopping to lead to greater U.S. market share in global markets.

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Opinions

Opinion: Why the stakes for America’s COVID-19 response have never been higher

Craig Ratajczyk, most recently CEO for the Illinois Soybean Association, discusses how the COVID-19 pandemic has strained many of America’s established systems— particularly the economy, healthcare, and agriculture— and how we’re opening ourselves to vulnerabilities that threaten our health, safety, and security.

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10.15.2020

Washington Week in Review: Oct. 15, 2020: Sen. Mike Rounds on COVID relief and cattle legislation

Talks to secure more coronavirus relief might be ongoing, but South Dakota Republican Mike Rounds is skeptical a bill will be produced before the election. He also shares his thoughts on recent legislation to reform many aspects of the beef cattle industry and where those bills go from here.

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