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 […]

Kansas Net Farm Income Climbed in 2020, Boosted by Rising Grain Prices, Govt. Payments May 18, 2021

🕔May 18, 2021
Early concerns for a tough year on Kansas farms linked to the coronavirus pandemic in 2020 were ultimately alleviated by strong crop yields, dramatically improved grain prices and COVID-19-related government […]

Corn, Soybean Price Increases Boost Farm Income, Upend Global Trade Flows May 3, 2021

🕔May 3, 2021
Reuters writer Tom Polansek reported last week that, “A surge to eight-year highs in U.S. corn and soybean prices is boosting farmers’ incomes and their demand for land, tractors and tools. It is a turnaround for the agricultural […]

Ag Market Outlook – Analysts See Signs of Optimism Mar 15, 2021

🕔Mar 15, 2021
A news release on Friday from the University of Missouri indicated that, “Farm income could decline in 2021, in spite of large increases in the value of crop and livestock sales, according […]

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