Articles Tagged with ''farm income''

Financial conditions in rural America have stabilized after being rocked by the coronavirus pandemic earlier this year, but some ag lenders say they’re concerned about the prospect of another wave of economic hardship if the virus were to intensify once again.

Farm earnings are likely to fall sharply this year despite the $16 billion in COVID-19 assistance payments now being distributed, and farmers’ income is likely to drop again in 2021 without additional government aid, according to a widely followed forecast of the agricultural economy.

Buoyed by the Trump administration's trade mitigation payments, U.S. farm income is expected to increase for the third straight year, but still will not come close to its 2013 peak.

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.

There’s little good news for farmers and ranchers in the Kansas City Fed’s report on the agricultural economy for the third quarter of 2018.

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.