2022 Policy Update – Possible Impacts on Farm Income Jan 3, 2022

🕔Jan 3, 2022
Net farm income in the U.S. reached nearly $95 billion in 2020 and is projected at nearly $117 billion for 2021 after averaging just under $76 billion from 2015 to […]

Illinois: Farm Income Outlook for 2022 Dec 30, 2021

🕔Dec 30, 2021
Net income on Illinois grain farms will be at record levels in 2021, likely near $325,000 per farm. This $325,000 represents an average for grain farms enrolled in Illinois Farm […]

Texas: Blackland Farm Income Growth Conference, Waco, Jan. 11 Dec 27, 2021

🕔Dec 27, 2021
Current and future farm policy, as well as issues affecting U.S. and Texas agriculture producers, will be highlighted by Joe Outlaw, Ph.D., co-director of the Agricultural and Food Policy Center and Texas A&M […]

Ag Economy: Nov. Observations from the Federal Reserve – Beige Book Dec 3, 2021

🕔Dec 3, 2021
On Wednesday, the Federal Reserve Board released its November 2021 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the […]

2021 Farm Sector Income Forecast – Dec. Update Dec 2, 2021

🕔Dec 2, 2021
The USDA’s Economic Research Service (ERS) indicated on Wednesday that, “Net farm income, a broad measure of profits, is forecast to increase by $22.0 billion (23.2 percent) from 2020 to $116.8 billion in 2021. This expected […]

Bankers Upbeat on Farm Income Prospects – DTN Nov 17, 2021

🕔Nov 17, 2021
Despite concerns about inflation, agricultural bankers overall are more upbeat about the profitability they are seeing from their loan customers than in the past five years. The ABA and Federal […]

Illinois: Grain Farm Incomes to Take Hit from Fertilizer Cost Increases Nov 17, 2021

🕔Nov 17, 2021
Projected 2022 net incomes on Illinois grain farms are below 2020 and 2021 levels and approaching averages between 2013 and 2019. Rising costs and cash rents lead to these lower […]

Illinois: 2020 Incomes and Capital Expenditure Oct 13, 2021

🕔Oct 13, 2021
Average net farm income on Illinois grains farms was above-average in 2020 primarily because of two factors: 1) higher corn and soybean prices in the second half of 2020, and […]

Ag Economy: Higher Crop Income Boosts U.S. Outlook, Energy Crunch Poses Ongoing Concerns Oct 12, 2021

🕔Oct 12, 2021
Crop Profits Bloomberg writers Michael Hirtzer and Kim Chipman reported this week that, “It turns out that 2021 was a pretty good year to be an American farmer. “After struggling through extreme weather, a […]

Ag Economy: Net Farm Income Sees Sharp Gains from Higher Commodity Prices Sep 17, 2021

🕔Sep 17, 2021
Earlier this week, the, the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its latest baseline update for U.S. farm income and government costs. The baseline update stated […]

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