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What About Capital Expenditures?

By Dave Kanicki posted on March 4, 2020 | Posted in Analysis & Commentary

So, we’ve heard a lot from USDA about commodity prices and projected planted acres for 2020, but little or nothing about capital expenditure expectations. It exists but doesn’t capture much attention from much of the ag industry. I suppose this is because most farm spending is dependent on commodity prices.

Age of U.S. Farmers: Is the Wrong Issue Being Addressed?

February 28, 2020 | Posted in Analysis & Commentary

Source: Farmdoc Daily

The older age of U.S. farmers remains a topic of interest (Kurtzleben; Stone). This article thus revisits the farmdoc daily article of Oct. 23, 2013, updating it with 2017 Census of Agriculture data. It is also a condensed, more focused version of a forthcoming article in the Handbook of Rural Aging. A key point is that U.S. policy should focus more on helping older farmers remain active, high performers.

Estimated 67,000 Combines in U.S.; Used Combines See Lowered Demand

February 14, 2020 | Posted in Analysis & Commentary

Over-saturation of used combine inventory might become a concern heading into 2020, according to a recent episode of the Farm Equipment Used Equipment Remarketing Roadmaps podcast.

Farm Sector Income Forecast for 2020 Nears Average from 2000-18

February 10, 2020 | Posted in Data & Trends

U.S. net cash farm income (gross cash income less cash expenses) when adjusted for inflation is forecast to decrease $13.1 billion (10.7%) to $109.6 billion in 2020.

USDA Issues Third Tranche of 2019 MFP Payments

February 3, 2020 | Posted in Ag Equipment Business

Source: USDA

At the direction of President Donald J. Trump, U.S. Secretary of Agriculture Sonny Perdue has announced the third and final tranche of 2019 Market Facilitation Program (MFP) payments aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations. The payments will begin to show up in farmers’ bank accounts by the end of this week.

Cotton Trade Projected to Reach 7 Year High Despite Decline in China Imports

January 29, 2020 | Posted in Commodities

For 2019, increased imports are expected in many non-cotton producing countries, as well as some producing ones. Although China — a major producer — is projected as the leading importer in 2019, its upcoming imports are expected to be below those from a year ago, as cotton mill use in China is forecast to decline for the second consecutive year.

Steady Farmland Values Underpin U.S. Farmers’ Borrowing Capacity

January 15, 2020 | Posted in Data & Trends

USDA estimates the value of farm real estate assets (land and its attachments) will account for 82.7% of total 2019 farm sector assets. This represents farmers’ most significant collateral when seeking loans for their operations and capital expenditures, such as ag equipment. In total, the value of farm real estate assets is currently estimated to be nearly $2.6 trillion.

November Pork Exports a Record Setter; Beef Shipments Slip

January 9, 2020 | Posted in Commodities

U.S. pork exports posted the best month on record in November, reaching new highs in both volume and value, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). November exports of U.S. beef were below the previous year's large totals.

Growth of U.S. Beef Production Fueled by Increased Cattle Weights

January 6, 2020 | Posted in Commodities

Source: USDA

A report from USDA and the Economic Research Service shows that growth in U.S. beef production has been supported by an increase in the average weight of cattle for beef production since 1970, despite a decrease in the overall number of cattle used in beef production.

USDA Announces Pilot Insurance Coverage for Hemp Growers

December 24, 2019 | Posted in Commodities

USDA’s Risk Management Agency (RMA) has announced a new crop insurance option for hemp growers in select counties of 21 states in 2020.

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