Government Payments

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…

The U.S Department of Agriculture (USDA) today announced that ranchers who have approved applications through the 2021 Livestock Forage Disaster Program (LFP) for forage losses due to severe drought or…

Agriculture Secretary Tom Vilsack did not offer a timeline to farmers Friday regarding when USDA would be releasing frozen aid funds or announcing the next direct-aid programs to producers that…

Farmers largely missed out on the first round of Paycheck Protection Program loans, but a change in how calculations are made for farmers could result in more substantial payments. The…

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%…

Crop farmers will receive $20-per-acre payments under the $900 billion emergency aid deal reached by Congress on Sunday. The aid package comes as Congress is trying to close out 2020…

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…

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…

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…