Tag Archives: farm income

Net Farm Income Forecast to Fall in 2014

Posted on March 6, 2014 by tanya brown

The net farm income is forecast to be $95.8 billion in 2014, according to an updated report released this week by the USDA Economic Research Service. That’s down 26.6 percent from 2013’s forecast of $130.5 billion. If realized, it would … Continue reading →

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Most Farm Households Rely on Off-Farm Income

Posted on September 11, 2013 by tanya brown

Most farm households earn all of their income from nonfarm sources, according to a USDA report released this month. Based on the broad definition of a farm, which includes several small operations that produce little or no agricultural commodities in … Continue reading →

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Farm Income Could be Second Highest on Record

Posted on August 28, 2013 by tanya brown

Farm income is forecast to be $120.6 billion in 2013, according to a report released this week by the U.S. Department of Agriculture. That is up 6 percent from the 2012 estimate of $113.8 billion. When adjusted for inflation, the … Continue reading →

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Senator Introduces Legislation to Reform Milk Pricing

Posted on April 3, 2013 by tanya brown

New York Senator Kirsten Gillibrand announced legislation that would overhaul the milk pricing system. Based on the bill, USDA would need to conduct public hearings on reforming the milk pricing system and present a final proposal to Congress. Should it … Continue reading →

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Tough Economy Not a Problem for Agriculture Graduates

Posted on February 14, 2013 by tanya brown

Agribusinesses are booming. With farm incomes at record highs, producers are purchasing more seed, fertilizer and equipment. The result? A massive recruiting effort at colleges and universities to find soon-to-be graduates with agriculture degrees. While many college graduates may face … Continue reading →

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Net Farm Income to Break 40-Year Record

Posted on February 13, 2013 by tanya brown

Net farm income is expected to rise to $128.2 billion this year, the highest since 1973, according to a report by USDA Economic Research Service. Based on the report, a return to trend yields would lead to record crop production … Continue reading →

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Farm Income Expected to Decline But Remain Second Highest in History

Posted on November 27, 2012 by tanya brown

U.S. farm income is expected to decline by nearly $4 billion from its all-time high in 2011, yet that number is still the second highest on record since the 1970’s, according to Agriculture Secretary Tom Vilsack. “Today’s forecast is heartening. … Continue reading →

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USDA Commodity Credit Corporation Releases Lending Rates for January 2010

Posted on January 5, 2010 by tanya brown

The USDA Commodity Credit Corporation, which helps stabilize, support and protect farm income and prices, released interest rates for January 2010. The borrowing rate-based charge is 0.375 percent, unchanged from December 2009, while the 1996 and subsequent crop year commodity … Continue reading →

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