Articles Tagged with ''farm economy''

Farmer sentiment improved slightly in January as corn and soybean prices turned upward, according to the latest Purdue University-CME Group Ag Economy Barometer.

Taxpayer support for disaster aid for farmers remains significantly higher than it is for making payments to farmers as compensation for lower prices, and support for trade compensation is increasing, according to a quarterly survey.

Cattle producers are enjoying record prices for steers as they start the year. 

Farmer sentiment declined in December although producers remain optimistic that economic conditions will improve over the next several years, according to the monthly Purdue University-CME Group Ag Economy Barometer.

Growers will still lose money on their 2024 corn and soybean crops despite the economic assistance payments approved by Congress in December, according to an analysis.

Texas farmers will receive about 10% of the $9.7 billion in market relief payments that Congress authorized in its year-end funding bill, according to a University of Missouri analysis. Iowa, Illinois and Kansas will collectively receive another 25% of the total.

The future of $31 billion in disaster relief and economic assistance for farmers was in doubt  night after Elon Musk and then, Donald Trump, threatened the political future of any Republicans who voted for the 1,500-page bill that contains the funding. The Senate cleared a water resources bill intended to increase funding for inland waterway projects.

Democrats on the House and Senate Agriculture committees are proposing $10 billion in market relief for farmers as the parties spar over an extension of the 2018 farm bill, Agri-Pulse has learned. House GOP leaders, however, have so far objected to the method used to cover the cost of the farm payments.