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Farm Income

Shortliner News Ag 

Farm Income Jumps 14% to Record High

December 13, 2022December 13, 2022 Kristi Ruggles Farm Income, Farmer Commodities, Ukraine War

High commodity prices will propel U.S. net farm income to a record $160.5 billion this year, despite a steep climb in expenses, said the Agriculture Department. Farm income, a gauge of profitability, would be 14% higher than last year and twice as high as three years ago.

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Shortliner News Ag 

COVID Payments to Farmers Not the ‘Boost’ Some Expected

September 8, 2021September 8, 2021 Kristi Ruggles Farm Income

Projections for farm income in 2021 are 20 higher than the 2020 projection and 49 percent higher than the average from 2015 to 2019.

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Shortliner 

Farm Income to Tumble After Banner 2020

February 23, 2021February 23, 2021 Kristi Ruggles Farm Income

The Economic Research Service of the USDA is forecasting an 8.1 percent decrease in net farm income this year.

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Shortliner News Legislative 

Federal Funds to Farmers: Lopsided Portion of Income

December 15, 2020December 15, 2020 Kristi Ruggles Farm Income

With the boost in government aid, which is on top of the 64 percent increase in 2019, farmers are projected to see a 43 percent increase in net farm income in 2020.

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Shortliner Featured - Home Small 

USDA Projects Farm Income at 7-Year High

September 15, 2020September 15, 2020 Kristi Ruggles USDA, Farm Income, COVID-19

The last time federal payments accounted for a greater percentage of farm income was 2001 at 41 percent. Sonny Perdue said Monday he hopes to announce a new version of coronavirus relief this week.

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Shortliner Featured - Home Small 

Financial Outlook Troubling for Farmers

August 18, 2020August 18, 2020 Kristi Ruggles Farm Income

The Trump administration is expected to distribute a record $33 billion in payments to farmers this year. The funds would push government payments to 36 percent of farm income but still be too little to keep some farmers afloat.

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Shortliner Featured - Home Small 

USDA Predicts Better 2020 for Ag, More Aid Possible

March 3, 2020March 3, 2020 Kristi Ruggles USDA, Farm Income

In spite of challenges such as the coronavirus and competition from Brazil, the USDA’s chief economist sees “more hopeful signs” for farmers.

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Shortliner 

Farming Remains a Family Business

December 17, 2019December 17, 2019 Kristi Ruggles Farm Income, Family Farm, Economic Research Council

Family farms represented 98 percent of U.S. farms and 88 percent of production in 2018, according to a USDA report. The report also said most farmers earn more than the U.S. median income.

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Shortliner 

Trade Aid Helps Farmers’ Balance Sheets

December 3, 2019December 4, 2019 Kristi Ruggles Farm Income

Nearly one-third of projected U.S. net farm income this year will come from government aid and federally funded commodity insurance payments, according to a forecast issued last week by the USDA.

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