farm income

In this episode, we learn about the new seed products coming to market from CROPLAN in 2023. Seed product manager Robert Cossar tells us how the products performed in the Answer Plot test program, and how growers can benefit next year.

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Are farmers in bad trouble, or is that what they want you to believe?  Also, Canada news, Brazil news, Zelensky and Israel, and more.

9-9-22 AJ Daily

Spending Time to Make Money
Adapted from an article by Miranda Reiman, Angus Journal

Recovering Farm Income Jeopardized by Record Operating Expenses and Harvest Uncertainty
Adapted from a Market Intel article from the American Farm Bureau Federation

USCA Opinion: Cattle Market Reform Cannot Wait 
Adapted from an Op-Ed by Brett Crosby, U.S. Cattlemen’s Association 

Compiled by Paige Nelson, field editor, Angus Journal.  For more Angus news, visit angusjournal.net. 

David and Brent discuss new USDA data on net farm income estimates.  This week's conversation also highlights  ARC and PLC and possible Farm Bill programs, along with planted acreage potentials.

U.S. net farm income is projected to hit $88 billion for 2019, a third-consecutive year of at least modest growth. But federal trade assistance payments are the underlying reason for that growth according to Ohio State University agricultural economist Ani Katchova. 

Crop-sector receipts are expected to decline this year while animal product receipts are expected to remain flat in 2019. Modest growth has been seen in land values, and although cash rents are up roughly 1-2% in the U.S., rents remain stagnant after adjusting for inflation. 

While there are signs of financial stress in farm country, ag loan delinquency rates and bankruptcy rates have remained at historic lows during the past few years. In this episode we ask the question, how bad is it out there, really?