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Items Tagged with 'net farm income'

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USDA revises farm earnings up, though still lower than 2023

09/05/24 12:14 PM By Philip Brasher

The Agriculture Department has sharply raised its forecast for farm earnings this year, projecting that net farm income will fall by close to 7% from 2023, a far smaller decline than USDA economists had estimated in February.

Market slump hits agribusiness, farmers – where’s the bottom?

08/28/24 6:07 AM By Philip Brasher

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Farm equipment suppliers such as Deere & Co. have been shedding jobs and other agribusiness giants are reporting weaker business prospects in North America, a potential harbinger of continued softness in farm income as producers head out to harvest crops this fall.

USDA forecasts major decline in 2024 farm income

02/07/24 12:01 PM By Spencer Chase

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The Department of Agriculture is projecting farmers will experience their second consecutive year of a sizable drop in net income.

USDA points to market factors driving farm income drop

11/30/23 3:45 PM By Noah Wicks

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The Agriculture Department's latest Farm Income Forecast projects net farm income will fall this year amid higher production expenses, lower cash receipts and declining direct government payments.

CEOs see strong biofuel demand driving solid 2024 farm economy

11/29/23 6:25 AM By Philip Brasher

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Leaders of U.S. agribusiness giants expect the farm economy to remain relatively strong through next year despite higher interest rates and softening commodity markets.

Farmer optimism at end of 2022 shifts to big concerns about 2023

01/04/23 6:11 AM By Spencer Chase

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The nation’s producers ended 2022 on a high note as improved financial standing lifted the spirits of farmers and ranchers across the country.

USDA: Farm income to stay strong, but input costs to bite in 2022

02/04/22 11:46 AM By Philip Brasher

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Bolstered by strong commodity prices, U.S. farm earnings should stay well above historic levels this year even as producers grapple with high production costs and the government’s pandemic relief phases out, the Agriculture Department reports.

Daybreak Feb 8: Direct payments down, but still historically high this year

02/08/21 9:44 AM By Steve Davies and Philip Brasher

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Government farm payments are still likely to fall significantly this year, but the cliff won’t be quite as stiff as it once looked like it would be.

USDA raises farm income forecast as government payments soar

12/02/20 11:43 AM By Spencer Chase

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Measures of farm income this year will reach their highest levels since 2013 and 2014 on the surge in government aid through coronavirus relief and trade assistance, the Agriculture Department says.

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

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

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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.

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Agri-Pulse Newsmakers

07.03.2026

Agri-Pulse Newsmakers: Thompson on ag labor bill, USDA Undersecretary Dudley Hoskins on NWS response

House Ag Committee Chairman Glenn "GT" Thompson introduced the Save Agriculture’s Workforce Act this week. He comes to the studio to discuss how it would significantly expand and modernize the H-2A agricultural guest worker program. Plus, USDA APHIS Undersecretary Dudley Hoskins provides an update on New World screwworm response and the factors being considered to reopen the Southern border to cattle imports.

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