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USDA Forecasts 23% Drop From 2022 Farm Income Levels
Southeast Regional Ag News
Released at the end of August, the agency dropped net farm income expectations for 2023 lower than initial February estimates.
Hilary Hits California Table Grapes and Farm Income Expected Down in 2024
The Agribusiness Update
California table grape growers suffer major crop losses after Tropical Storm Hilary slams vineyards, and U.S. farm income will decline modestly in 2024 and then run at historically high levels in the near term.
Corn Production Varies and Farm Income Expected Down in 2024
The Agribusiness Update
Corn production in Southern states expected to vary, and U.S. farm income will decline modestly in 2024 and then run at historically high levels in the near term.
Succession Planning Pt 2
Fruit Grower Report
Jeff DeWald, Managing Member of Agribusiness Succession Advisors, says the biggest mistake he sees when it comes to succession planning and your farm.
Farm Incomes Flatten
Farm of the Future
Farm incomes in the Minneapolis Federal Reserve Bank’s district flattened out in the second quarter of 2023.
Agritourism Act and Consumers Food Satisfied
The Agribusiness Update
Republican Representative Dan Newhouse, of Washington, and Democrat Jennifer Wexton, of Virginia, introduced the AGRITOURISM Act, and the Purdue University Consumer Food Insights Report shows consumers most satisfied with their food consumption also spend the lowest share of their incomes on food.
UGA Tops Products Ranking and Consumers Food Satisfied
The Agribusiness Update
University of Georgia once again ranks No. 1 for the number of commercial products to market, and the Purdue University Consumer Food Insights Report shows consumers most satisfied with their food consumption also spend the lowest share of their incomes on food.
Corn Used for Fuel Higher and Farm Credit System's Income Down
The Agribusiness Update
USDA data shows corn used to make ethanol and other fuels increased month-to-month in June but were down year-over-year, and the Farm Credit System’s combined net income decreased 1.4% to $1.78 billion for the three and six months ending on June 30.
California Wildfire Worries and Gas Prices Fall Again
The Agribusiness Update
A winter with more rain and snow than usual hasn't erased California's fears of an aggressive wildfire season, and the average National gas price fall for the third straight week.
California Wildfire Worries and Gas Prices Fall Again
The Agribusiness Update
A winter with more rain and snow than usual hasn't erased California's fears of an aggressive wildfire season, and the average National gas price fall for the third straight week.
Florida Foreign Purchases of Ag Land and Gas Prices Fall Again
The Agribusiness Update
Florida Ag Commissioner is pleased with the passage of Senate bill aimed at stopping foreign powers from buying ag lands, and the average National gas price fall for the third straight week.
Farm Income Forecast
Washington State Farm Bureau Report
The USDA's Economic Research Service's senior economist, Carrie Litowski says 2023's Farm Income Forecast shows and increase of about 20%.
Farm Income Lower
Washington State Farm Bureau Report
USDA numbers forecast a drop in net farm income in 2023 and American Farm Bureau Federation Ecomomist Danny Munch breaks down what that means.
Lower Farm Income Forecasted in 2023
Farm of the Future
USDA’s February Farm Income Report represents a $26 billion decline from last year.
First Fuel Price Drop of 2023 and Net Farm Income Down 15.9%
The Agribusiness Update
The nation's average gas price posts the first weekly drop in 2023, and USDA's Economic Research Service's February Farm Income Forecast shows net farm income down 15.9% from last year.
First Fuel Price Drop of 2023 and Net Farm Income Down 15.9%
The Agribusiness Update
The nation's average gas price posts the first weekly drop in 2023, and USDA's Economic Research Service's February Farm Income Forecast shows net farm income down 15.9% from last year.
Crop Insurance in Farm Bill
Fruit Grower Report
Senate Ag members stress the importance of crop insurance and restructured commodity programs in the next Farm Bill.
USDA Disaster Assistance Updates and Bird Flu Impacts Egg Production
The Agribusiness Update
USDA makes several updates to conservation, livestock, and crop disaster assistance programs, and Bird Flu knocks U.S. egg inventories down 29%.
Thompson Elected House Ag Chair and Farm Capital Expenditures Up Sharply
The Agribusiness Update
Pennsylvania Rep GT Thompson elected House Ag Committee Chair for 118th Congress, and U.S. farm capital expenditures have shot up dramatically the past three years.