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Shining Light on Farm & Food Policy for 20 Years.
Saturday, December 21, 2024
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.
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.
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 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.
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 for 2018 is projected to hit the lowest level since 2006, according to a report released today from the USDA's Economic Research Service.
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.
