Ag Economy

USDA’s Economic Research Service expects 2023 farm incomes to decline nearly 16% compared to 2022 due to lower cash receipts, smaller government payments and higher production expenses. U.S. net farm…

DENVER (December 13, 2022)—The U.S. economy still has considerable momentum and is not currently on the verge of recession. However, economists have never been more pessimistic and there are very…

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…

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%…

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…