Tag Archives: economy

From Northwest Public Broadcasting Inky black ravens light on newly seeded ground. Andy Juris is planting spring soft white wheat at an elevation of 3,000 feet outside of Bickleton, Washington. The crop will be harvested starting in August. Then, it’s bound for the Columbia River barges, out to Portland or Vancouver. It’ll then be sent upon the ocean for Japan, ... Read More »

From Brownfield Ag News An Oregon wheat farmer remains concerned about exports in 2025. Former president of the National Association of Wheat Growers, Brent Cheyne, says there aren’t enough markets domestically to support the current U.S. wheat crop. “Eighty-nine percent of our crop is exported to the Pacific Rim, so I have no idea how you would consume all of ... Read More »

From agweb.com It’s been just over two months since Congress passed the American Relief Act, which contains $9.8 billion in market relief payments. Congress gave USDA 90 days to issue the payments, and with less than 30 days left before the deadline, farmers are asking one question: when will those payments be released? Read the rest of the article here. Read More »

On Feb. 5, National Association of Wheat Growers (NAWG) President and Altus, Okla., wheat, cotton, and pasture-land farmer Keeff Felty testified before the Senate Committee on Agriculture, Nutrition, and Forestry during the “Perspectives From the Field: Farmer and Rancher Views on the Agricultural Economy, Part 1” hearing. “As I enter my 40th year in farming, the agricultural economy is facing ... Read More »

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 »