The U.S. economy continues to outperform expectations as stimulus funds are fueling robust consumer spending. Consensus forecasts point to 7% GDP growth for 2021, the fastest rate of expansion since…
Ag Economy
-
-
Farmers and ranchers are expected to receive higher cash value for their crops and livestock in 2021, but direct government payments will fall this year, leading to an overall 8.1%…
-
Ag News StoriesLivestock NewsNews
Surging Feed Prices Will Challenge the Livestock Sector’s Recovery
The U.S. animal protein sector is expected to face a 12% increase in feed costs in 2021, which will mark the highest year-over-year inflation since 2011. With corn futures above…
-
USDA’s September 2020 farm income projections suggested net farm income (a broad measure of farm profitability across the entire farm sector) would reach $103 billion this year, up 23% from…
-
By many measures, beef demand has remained remarkably strong since the pandemic started in March. The first half of the year was characterized by unparalleled disruptions in both beef supply…
-
On September 18th, the USDA announced the second round of payments from the Coronavirus Food Assistance Program (CFAP) that would provide up to $14 billion in disaster relief . Eligible farmers and…
-
By Kate Fuller, Assistant Professor and Extension Specialist, Department of Agricultural Economics and Economics at Montana State University. For the last three years, Anton Bekkerman and I have run a survey with…
-
A new analysis shows total farm debt is near record levels and farm real estate debt is at an all-time high. Agricultural Economic Insights found that, total debt stands at…
-
U.S. net farm income is now forecast at $92.5 billion for 2019, up $8.5 billion (10.2%) from the 2018 level, according to USDA’s November 2019 Farm Income Forecast. In inflation-adjusted…
-
DALLAS (DTN) — Jason Henderson, director of Purdue University Extension and former Federal Reserve economist, is tired of talking about the 1980s. “Where we’re at in the ag business cycle,…