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Tag "farm income"

Farm Policy: Financial Pressure on Farms Likely to Continue

Farm Policy: Financial Pressure on Farms Likely to Continue

👤By Keith Good, Farm Policy News 🕔Mar 20, 2017

A news release last week from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri indicated that, “The latest analysis of national and global agricultural trends from the University of Missouri indicates continued financial pressure on United

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2016 Corn and Soybean Yields – A Historical Perspective

2016 Corn and Soybean Yields – A Historical Perspective

👤By Gary Schnitkey, University of Illinois 🕔Mar 15, 2017

The National Agricultural Statistical Service (NASS) recently released 2016 county yields for both corn and soybeans. In this article, maps are produced showing actual 2016 yields minus 2016 trend yields. Examination of these maps shows areas of above trend and

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Farm Policy: USDA Report Examines Farm Household Income Volatility

Farm Policy: USDA Report Examines Farm Household Income Volatility

👤By Keith Good, Farm Policy News 🕔Feb 28, 2017

Last week, USDA’s Economic Research Service (ERS) released a report titled, “Farm Household Income Volatility: An Analysis Using Panel Data From a National Survey.”  The report noted that, “There has long been information tracking farm income at the national level,

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Farm Policy: USDA’s Chief Economist Provides Outlook for U.S. Ag

Farm Policy: USDA’s Chief Economist Provides Outlook for U.S. Ag

👤By Keith Good, Farm Policy News 🕔Feb 24, 2017

Speaking yesterday at USDA’s Agricultural Outlook Forum in Arlington, Virginia, USDA Chief Economist Robert C. Johansson provided a broad outlook for U.S. agriculture.  Today’s update provides an overview of key aspects of Dr. Johansson’s presentation. Farm Economics In his speech

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Farm Business: No Mechanism to Handle Longterm Drop in Net Farm Income – Commentary

Farm Business: No Mechanism to Handle Longterm Drop in Net Farm Income – Commentary

👤By Harwood D. Schaffer and Daryll E. Ray, Agricultural Policy Analysis Center 🕔Feb 22, 2017

On February 7, 2017, the United States Department of Agriculture (USDA) released its forecast of 2017 farm income and expenses. Net farm income for the current year is forecast to be $62.3 billion or $5.9 billion less than 2016. Notwithstanding

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Illinois: 2017 Projected Incomes for Grain Farms

👤By Gary Schnitkey, University of Illinois 🕔Feb 14, 2017

Net incomes for Illinois grain farms are projected lower in 2017 than for 2016. If these projections hold, weakening of financial position will continue in 2017. Trend yields and commodity prices of $3.80 per bushel for corn and $9.90 per

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Iowa: Study Examines the Importance of Non-Farm Income to Farm Families

Iowa: Study Examines the Importance of Non-Farm Income to Farm Families

👤By Keith Good, Farm Policy News 🕔Jan 31, 2017

Background: Type of Farm- Net Farm Income Variation A recent study (“Income Trends for Iowa Farms and Farm Families 2003-2015“) by David Peters, associate professor and extension rural sociologist with Iowa State University, summarized current trends in farm income by type

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Kansas: 2015 Net Farm Income Down Dramatically

Kansas: 2015 Net Farm Income Down Dramatically

👤By Kevin Herbel and Robin Reid, Kansas State University 🕔Dec 2, 2016

Returns to farming tend to be cyclical in nature so it’s no surprise that a run-up in commodity prices and land values in 2008 to 2013 would be followed by a period of depressed profitability. At the present, the question

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Farm Income at 7-Year Low, Bumper Crops Not Helping  – DTN

Farm Income at 7-Year Low, Bumper Crops Not Helping – DTN

👤By Pam Smith DTN Progressive Farmer Crops Technology Editor and Chris Clayton DTN Ag Policy Editor 🕔Nov 30, 2016

Income for U.S. farmers will fall 17.2% this year to a seven-year low, as falling livestock revenues add to pressure from lower grain prices across the Farm Belt. The Agriculture Department on Wednesday said net farm income will drop to

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Central Illinois Corn, Soybeans: Gross Revenue, Income Projections for 2016

Central Illinois Corn, Soybeans: Gross Revenue, Income Projections for 2016

👤By Gary Schnitkey, University of Illinois 🕔Nov 29, 2016

With harvest at a close, fairly accurate estimates of yields can be made, leading to more accurate estimates of 2016 gross revenues. Gross revenues and returns for corn and soybeans grown in central Illinois are presented in this article. Compared

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