Sandison: Washington Farmers Continue To Persevere Despite Back-to-Back Challenging Years

It goes without saying, 2020 was a difficult year for Washington’s farm economy. Between challenges with domestic and international trade, worker safety, new government regulation and more, 2020 was a year almost everyone was happy to see come to an end. Unfortunately, for farmers across the Evergreen state, 2021 has not been much better. Drought […]

U.S. Tractor and Combine Sales Increased in August

According to the Association of Equipment Manufactures, U.S. tractor sales increased last month compared to 2020 while combine sales jumped 19.8%. Combine sales posted the second month in a row of growth near 20% in the U.S, and total farm tractor sales climbed 9.9%. Sub 40 horsepower tractor sales were up 8.7%, and mid-sized, 40-100 […]

University of Missouri FAPRI Baseline Report: Farm Income Could Decline Next Year

Higher commodity prices are contributing to a sharp increase in U.S. net farm income in 2021. However, under current policies, farm income could drop again in 2022 as government payments decline and production expenses rise. That’s according to the University of Missouri Food and Agricultural Policy Research Institute September baseline report. In 2022, FAPRI predicts […]

Meyer: Production Costs Continue To Move Higher

According to the USDA, farmers this year will make 18% more than they did in 2020; $421.5 billion. Net chase income could grow by 21.5%.  That growth could have been larger but farmers have seen a substantial hike in production expenses. “There are very few things where production expenses are actually lower in 2021,” said […]

Is This Another Boom Time For U.S. Ag?

The USDA is forecasting net farm income this year the highest since 2013, while net cash income the highest since 2014. And USDA Chief Economist noted at that time, “We were kind of in that boom period there in terms of very strong farm income.” So are we in another boom time for agriculture? Meyer […]

AFBF Urges USDA to Address Supply Chain Issues

The American Farm Bureau Federation is urging the Department of Agriculture to address supply chain issues facing farmers and ranchers. In a letter to Agriculture Secretary Tom Vilsack last week, the organization details priorities for USDA to consider in response to President Joe Biden’s Executive Order on America’s Supply Chains. AFBF President Zippy Duvall stated, […]

Latest Ag Economy Barometer Released

The Monthly Ag Economy Barometer rose four points in August to 138. The modest rise was primarily attributable to an improvement in the Current Conditions Index, which climbed 9 points to 152. The Index of Future Expectations rose just two points to 132. Although the barometer and its two key sub-indices improved in August compared […]

AFBF: Increased Commodity Prices Pushing Net Farm Income Higher

For fiscal year 2021, the Department of Agriculture projects net farm income to increase $18.5 billion, 19.5% over last year’s figure. Veronica Nigh, American Farm Bureau Federation Senior Economist, said that forecast puts net farm income at the highest level since 2013. “We hit a low of $62 billion back in 2016. So, reaching $113 […]

Vilsack Talks Trade, China, CPTPP

Trade is vital to the American farm economy, especially for producers across the Pacific Northwest. Ag Secretary Tom Vilsack recently took time to address trade concerns, and to share what the Department is doing to help producers find overseas markets. Once concern for many in farm country is the approaching end of the Phase One […]

Farm Sector Profits Forecast to Increase in 2021

The USDA says it expects farm income in 2021 to move higher. Net farm income is forecast to increase by $18.5 billion, or 19.5%. At $113.0 billion, net farm income would be at its highest level since 2013 and 20% above its 20-year average of $93.9 billion. In inflation-adjusted 2021 dollars, USDA expects net farm […]