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.
WASHINGTON, Aug. 30, 2017 – It’s been three long years of decline, but farm revenue is now expected to rise this year, slightly, according to a forecast released today by the USDA’s Economic Research Service.
On paper, I appear to be the picture perfect stereotype of an east coast liberal: I’ve been working at environmental nonprofits for over 20 years, I’m an Ivy League grad, and I live in the “bluest” county in Virginia. When it comes to first impressions in the world of agriculture, I’ve been met countless times with skepticism and even contempt.
WASHINGTON, Feb. 15, 2017 - When USDA Chief Economist Robert Johansson testifies today at the House Agriculture Committee, he won’t be painting a rosy picture of the farm economy. The value of farmland across the country continues to decline while credit remains tight for producers and net incomes fall.