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    2024 Farm Income Decline Confirmed in USDA Update

    by Brett McRae December 11, 2024
    December 11, 2024

    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 …

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    USDA Predicts Record Drop in Net Farm Income in 2024

    by Colter Brown February 11, 2024
    February 11, 2024

    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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    Despite Rising Wage Rate, Farmers Must Rely on H-2A Program

    by Colter Brown January 8, 2024
    January 8, 2024

    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 Says High Production Costs Won’t Ease Next Year

    by Colter Brown July 26, 2023
    July 26, 2023

    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 Land Lease Rates Up Slightly in 2022, with One Major Exception

    by Colter Brown February 21, 2023
    February 21, 2023

    2022 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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    High Diesel Prices Put Strain on Farmers

    by Colter Brown November 6, 2022
    November 6, 2022

    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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    2022 Farm Profitability Outlook: Expenses Up, Net Farm Income Down

    by Colter Brown February 16, 2022
    February 16, 2022

    USDA’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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    Fertilizer Prices for 2022 Crop Will Be Near or Above Historic Highs

    by Colter Brown October 18, 2021
    October 18, 2021

    Due 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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    Farm Input Suppliers Face Lawsuit

    by January 18, 2021
    January 18, 2021

    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 …

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