Net farm income (profits) has been on an amazing roll for several consecutive years, with 2012 apparently establishing another record all-time high. The key factors, as we've pointed out on many occasions, are:
High prices Generally good yields A great crop insurance program
We've also pointed out the results of record farm profits:
Soaring (literally soaring) land values Soaring cash rental rates Rapidly rising input costs
We say it's been good, but just how good has it been? An adult farm management group from central North Dakota recently sent me their members' consolidated financial report. Here are some of the highlights:
The data was compiled from 71 farms The average farm was 2,740 acres T...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
