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A Squeeze on Agriculture by Interest Rates
California Ag Today
Rabobank’s RaboResearch team recently released its bimonthly North American Agribusiness Review.
AFBF on Fuel and Energy Costs
Washington State Farm Bureau Report
Fuel and electricity prices are on the rise again amid declining farm income and the American Farm Bureau responds.
Multiple Factors Lead to Lower 2024 Farm Income Forecast
Line on Agriculture
USDA Economist, Carrie Litkowski gives details on why USDA is forecasting a 26% decline in farm income for this year.
U.S. Wine Sales Slow and Net Cash Farm Income Down
The Agribusiness Update
U.S. and foreign winemakers are struggling to sell their product, and leaders are increasingly focused on anti-alcohol messaging, and USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease 25.8% in 2024.
USDA Funding for Florida and Net Cash Farm Income Down
The Agribusiness Update
The USDA is allocating more than $5 million to Florida as part of a nationwide effort to strengthen the country’s infrastructure for pest detection as well as the nursery system, and USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease 25.8% in 2024.
Farm Bill Needed To Mitigate Lower Net Farm Income
Line on Agriculture
Title One programs in the farm bill are important to help farmers with economic challenges.
USDA Invests Renewable Energy and Food Safety for Super Bowl Sunday
The Agribusiness Update
The USDA will invest $207 million in renewable energy and domestic fertilizer projects, and whether delivered or prepared at home, the Food Safety and Inspection Service has plans to protect your Super Bowl Sunday celebration from foodborne illness.
USDA Invests Renewable Energy and Food Safety for Super Bowl Sunday
The Agribusiness Update
The USDA will invest $207 million in renewable energy and domestic fertilizer projects, and whether delivered or prepared at home, the Food Safety and Inspection Service has plans to protect your Super Bowl Sunday celebration from foodborne illness.
California Artichoke Production Down and ASF in China Data
The Agribusiness Update
Artichoke production on California’s Central Coast has steadily fallen over the past three decades, and the 2018 spread of African swine fever to China had reverberations in the global pork market, according to new USDA data.
GFB Annual Convention and ASF in China Data
The Agribusiness Update
Georgia Farm Bureau members are gathered in Jekyll Island for the organization’s 86th annual convention, and the 2018 spread of African swine fever to China had reverberations in the global pork market, according to new USDA data.
Funds For Beginning Farmers and Net Farm Income Higher
The Agribusiness Update
The USDA is spending nearly $28 million to support organizations that teach and train beginning farmers and ranchers, and the U.S. saw growth of almost 31% in net farm income from 2021 through 2022.
USDA Funding for Veterans and Household Spending for Food
The Agribusiness Update
The USDA announced $27.6 million in grants for underserved and veteran farmers, ranchers, and foresters, and households spend more on food as their incomes rise, but the amount represents a smaller share of their overall budgets.
USDA Forecasts 23% Drop From 2022 Farm Income Levels
Southeast Regional Ag News
Released at the end of August, the agency dropped net farm income expectations for 2023 lower than initial February estimates.
Hilary Hits California Table Grapes and Farm Income Expected Down in 2024
The Agribusiness Update
California table grape growers suffer major crop losses after Tropical Storm Hilary slams vineyards, and U.S. farm income will decline modestly in 2024 and then run at historically high levels in the near term.
Corn Production Varies and Farm Income Expected Down in 2024
The Agribusiness Update
Corn production in Southern states expected to vary, and U.S. farm income will decline modestly in 2024 and then run at historically high levels in the near term.
Succession Planning Pt 2
Fruit Grower Report
Jeff DeWald, Managing Member of Agribusiness Succession Advisors, says the biggest mistake he sees when it comes to succession planning and your farm.
Farm Incomes Flatten
Farm of the Future
Farm incomes in the Minneapolis Federal Reserve Bank’s district flattened out in the second quarter of 2023.
Agritourism Act and Consumers Food Satisfied
The Agribusiness Update
Republican Representative Dan Newhouse, of Washington, and Democrat Jennifer Wexton, of Virginia, introduced the AGRITOURISM Act, and the Purdue University Consumer Food Insights Report shows consumers most satisfied with their food consumption also spend the lowest share of their incomes on food.
UGA Tops Products Ranking and Consumers Food Satisfied
The Agribusiness Update
University of Georgia once again ranks No. 1 for the number of commercial products to market, and the Purdue University Consumer Food Insights Report shows consumers most satisfied with their food consumption also spend the lowest share of their incomes on food.