By Danny Munch – AFBF Economist USDA’s December 2024 farm income forecast confirms just how tough a year it’s been for American agriculture, with slightly revised projections offering little relief …
expenses
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On Feb. 7, USDA released the first insights into net farm income expectations for 2024. The latest report anticipates a decrease from 2023’s forecast of $155 billion to $116 billion – a …
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Given agriculture’s ongoing struggle to recruit domestic workers and a very tight U.S. labor market overall, it should be no surprise that H-2A program usage reached new highs again in …
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USDA’s first cost of production forecast for major field crops like corn, soybeans, wheat, cotton, rice, and others shows that input costs are expected to remain elevated into the next growing season. …
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Ag News StoriesNews
Ag Land Lease Rates Up Slightly in 2022, with One Major Exception
by Colter Brown2022 lease rates did not decline in Montana. Mostly, they were up slightly, following a pattern that has been seen for many years: average lease rates inch up, but once …
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The average price of diesel is $5.32 per gallon, more than $1.50 above the same time last year. While prices are below the $5.81 peak in June, the high cost …
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Ag News StoriesNews
2022 Farm Profitability Outlook: Expenses Up, Net Farm Income Down
by Colter BrownUSDA’s most recent Farm Sector Income Forecast, released Feb. 4, anticipates a slight decline in net farm income for 2022. U.S. net farm income, a broad measure of farm profitability, is …
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Ag News StoriesGrain NewsNews
Fertilizer Prices for 2022 Crop Will Be Near or Above Historic Highs
by Colter BrownDue to increasing natural gas prices, nitrogen fertilizer prices are relatively high compared to recent years and are expected to remain high and possibly increase through next spring, says Dave …
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A new lawsuit alleges crop input manufacturers, wholesalers and retailers coordinated a boycott of online sales platforms such as Farmers Business Network and AgVend to prevent greater price transparency, a …