U.S. farmers appear to be headed for another very strong year financially. The table below shows that while net farm income might slip some from 2011, it is still forecast to be the second best ever.Farmland values also continue to soar with little evidence that a "top" has been formed. The table below shows the change from 2010 to 2011. The next survey results will not be out until August, but the numbers should look similar to this chart.There are a lot of reasons for the surge in net farm income, including:
Generally very good crop yields, Consistently high prices since 2006/07, A leveling off or reduction in crop input costs, Very low interest rates, and A great crop insurance program.
The question of the "bubble" in land p...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
