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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, March 19, 2024
The number of farms in the U.S. fell 7% over five years to about 1.9 million in 2022, and the average age of U.S. farmers rose slightly to 58.1, according to the latest Census of Agriculture.
Ag Secretary Tom Vilsack used his speech at the American Farm Bureau Federation’s annual convention to roll out more than $200 million in loans and grants through programs meant to bolster American production of fertilizer and renewable energy.
Global demand requires that the world add more than 20 million acres to crop production over the next five years, agricultural economist Dan Basse told attendees of the American Seed Trade Association’s annual field crop convention in Orlando Wednesday.
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.
The Agriculture Department is forecasting that net farm income will decline sharply this year on lower revenue from crops and livestock and higher production expenses.
Corteva Agriscience said market penetration of its Enlist E3 soybeans reached 45% of total acres in North America in 2022 as it reported net sales for the year of $17.46 billion, 11% higher than 2021.
The Biden administration’s top agriculture official wants Congress and states across the country to focus on a broader vision for the nation’s agricultural economy.