February Ag Economy Barometer Results

February’s Ag Economy Barometer reading of 165 changed little compared to January when the index stood at 167. This week’s reading shows producers continue to report strong current conditions on their farms as February’s Current Conditions Index value of 200 is near its all-time high. That continues a trend that started in the fall. However, […]

NAFB Hopes Phase I Continues

The American Farm Bureau Federation says China has been a boon to U.S. farm commodity prices for several months. Now the organization is hopeful President Biden’s Ag and trade teams follow through and preserve the Trump Phase I deal and consider a Phase II agreement. AFBF trade adviser Dave Salmonsen said the Biden transition team […]

2020 Farm Income Higher Due to Government Payments

Net farm income, a broad measure of profits, is forecast to increase $36 billion to $119.6 billion in 2020. According to the Economic Research Service, in inflation-adjusted 2020 dollars, net farm income is forecast to increase by $35 billion, the fourth-straight year the income numbers have gone up. If the prediction comes true, net farm […]

What Can The Ag Economy Expect In 2021?

While there are still some areas of concern in the farm economic sector, the Federal Reserves Nathan Kauffman says the outlook is much better now compared to six months ago. But, will this recent  momentum continue going in to 2021? Kauffman said there are a variety of reasons to ben encouraged when looking at commodity […]

October Prices Received Index Led By Livestock Gains

According to the latest numbers from the USDA, most producers saw a modest increase in prices received for their commodities in the month of October. As Rod Bain points out, much of that was fueled by an increase in what livestock producers were paid. Bain added much of the increase can be attributed to higher […]

Ag Economy Barometer Reaches All-Time High

The Purdue University/CME Group Ag Economy Barometer rose 27 points to a reading of 183 in October, setting an all-time high for the index. Farmers were more optimistic about both the future and current financial situations on their farms. The Current Conditions Index rose 36 points to a reading of 178, and the Future Expectations […]

Washington’s Berg Named To Crop Insurance Corporation Board of Directors

Nicole Berg is currently the National Association of Wheat Growers Vice President. But the Paterson, WA grower recently added to her resume after she was appointed to the Federal Crop Insurance Corporation Board of Directors. “I look forward to representing specialty crops across the U.S. [It’s] a great honor, and I’m excited for the new […]

NFU Fly-In Moves On-Line

The National Farmers Union is hosting their annual fall legislative fly-in this week, but thanks to the pandemic, the event has moved on-line. NFU President Rob Larew said farmers are facing a long list of challenges in 2020. “Between low commodity prices, corporate control of the food industry, chronic overproduction, global trade disputes, underfunded infrastructure, […]

Federal Reserve Beige Book: Agriculture Sector is Weak

The Federal Reserve Bank Beige Book released last week reports continued weak economic conditions in farm country.  The report states agricultural conditions remained weak as a result of unfavorable weather conditions, low commodity prices, and trade-related uncertainties.  Districts with agricultural ties, but especially in the Midwest, report declining agricultural economy measures, with further farm income […]