Tag Archives: economy

From farmdocdaily.illinois.edu In December, the U.S. Congress passed legislation that 1) continued the current farm bill into 2025, 2) appropriated $20.78 billion for disaster aid to farmers, and 3) appropriated $10 billion in economic assistance payments to farmers. This article discusses these impacts, with a focus on the $10 billion in economic assistance which is estimated to provide $42.51 per ... Read More »

From world grain.com With Inauguration Day approaching, media attention has focused principally on President-elect Donald Trump’s selections for cabinet posts and questions over whether his more controversial choices will secure Senate confirmation. Less attention has been directed to the question of whether the incoming administration’s proposed agenda for aggressive change will be adopted. Read the rest of the article here. Read More »

From Farm Journal’s Ag Web As the ag industry prepares to flip the calendar and head into a new year, even experts and insiders have more questions than answers. The long-delayed farm bill and 45Z biofuels tax credit guidance have kept the industry in a frustrating limbo, while high interest rates and low commodity prices push it toward recession. Read ... Read More »

From agweb.com A reset in agriculture seems to be underway. For 10 straight months, the Ag Economists’ Monthly Monitor has tracked the health of the ag economy through the lens of ag economists. The anonymous survey is a gauge of 70 economists from across the country. In March, economists’ views on the ag economy grew weaker, but it’s the erosion ... Read More »

After peaking at 6.8 million farms in 1935, the number of U.S. farms and ranches fell sharply through the early 1970s. Rapidly falling farm numbers in the mid-20th century reflect the growing productivity of agriculture, increased mechanization, and increased nonfarm employment opportunities. Since 1982, the number of U.S. farms has continued to decline, but much more slowly. In 2022, there ... Read More »

From agweb.com For 2022, USDA reports the value of the nation’s cropland is $5,050. That’s up $630, or 14%, from 2021. This year’s figure marks back-to-back record highs in cropland values. Since 2014, the value of U.S. cropland had hovered around $4,000 per acre, that was up until 2021 when things changed. Read the rest of the article here. Read More »

From the Capital Press The Port of Portland plans to increase the flow of Northwest agricultural exports and Asian consumer product imports by expanding its container terminal’s footprint. The port is investing $10.5 million to replace the pavement and stormwater drains on 10 acres adjacent to its Terminal 6 next year, which it hopes to parlay into further upgrades with ... Read More »

From the Spokesman.com By almost any conceivable measure, this summer’s lengthy and extreme drought led to historic lows in the production and quality of the region’s signature cash crop. Read the rest of the article here. Read More »

Nearly half of all family farm operators and their spouses reported having a job off the farm in 2018. The majority of households, regardless of farm size, report that they work off the farm because it is more lucrative than farm work, provides more reliable income, and may offer health and retirement benefits. Households had the option to report more ... Read More »

From DTN Jason Henderson, director of Purdue University Extension and former Federal Reserve economist, is tired of talking about the 1980s. “Where we’re at in the ag business cycle, it’s not the ’80s,” he told a national meeting of agriculture lenders. “In my mind, we’re smack dab in the middle of the 1990s and the long plateau.” Read the rest ... Read More »