Articles Tagged with ''net farm income''

U.S. Net Cash Farm Income Forecast to Increase 17.2% in 2021

September 3, 2021 | Posted in Data & Trends

USDA’s Economic Research Service forecasts inflation-adjusted net cash farm income (NCFI) to increase by $19.8 billion (17.2%) from 2020 to $134.7 billion in 2021.

U.S. Net Cash Farm Income Forecast to Drop 9.7% in 2021

February 8, 2021 | Posted in Data & Trends

U.S. net farm income is forecast to increase $37.8 billion (44.2%) in 2020 and then decrease $12 billion (9.7%) to $111.4 billion in 2021.

Net Cash Farm Income Forecast to Rise 21.1% in 2020

December 9, 2020 | Posted in Data & Trends

Inflation-adjusted U.S. net cash farm income (NCFI)—gross cash income minus cash expenses—is forecast to increase $23.4 billion (21.1%) to $134.1 billion in 2020.

Farm Profits Forecast to Rise in 2020

September 2, 2020 | Posted in Data & Trends

Inflation-adjusted U.S. net cash farm income (NCFI), defined as gross cash income less cash expenses, is forecast to increase $4 billion (3.6%) to $115.2 billion in 2020.

Ag Economic Outlook: The Impact of COVID-19 on the Remainder of 2020

June 10, 2020 | Posted in Data & Trends

Back in February, the U.S. Department of Agriculture (USDA) was projecting a $3.1 billion increase in net farm income this year. Then COVID-19 emerged. Now, a private forecast from the Food & Agriculture Policy Research Institute estimates farm income to drop roughly 11% from the USDA's original projection.

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.

On the Record

Deere’s Leadership Changes Point to Youth Movement

By Kim Schmidt posted on March 8, 2019

In this week’s episode of On the Record we discuss a “youth movement” among Deere & Co.’s senior leadership. In the Technology Corner, Jack Zemlicka discusses broadband barriers to telematic transformation. Also in this episode: grower sentiment falls, but USDA’s Economic Research Service reports net farm income is forecast to increase 8.1% in 2019; Alamo Group’s 2018 hit $1 billion for the first time and Ag Growth International acquires IntelliFarms.

Farmer’s Growing Debt Load Concerns USDA Chief Economist

February 28, 2019 | Posted in Data & Trends

While farm equity is only down 5% since 2014, farmers are tapping into their real estate equity to run operations and real estate debt hit a record high in 2018.

net cash farm income and net farm income

2018 Farm Profits Expected to Drop to Near 2016 Levels

December 3, 2018 | Posted in Data & Trends

In inflation-adjusted 2018 dollars, net farm income is forecast to decline $10.8 billion (14.1%) from 2017 after increasing $13.0 billion (20.2%) in 2017. If realized, inflation-adjusted net farm income would be 3.3% above its level in 2016, which was its lowest level since 2002.

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Minnesota Farmers See Falling Net Incomes, Increased Investments in Machinery

November 20, 2018 | Posted in Data & Trends

Even though Minnesota farmers have typically seen their gross incomes notably increase since 2002, the money they end up taking home has taken a hit in recent years. A University of Minnesota economist says the amount they are spending on equipment is a big reason for this.

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Baltimore Port Closure to Impact High Horsepower Tractor Imports & Exports

In this episode of On the Record, brought to you by Weasler Engineering, we look at how the Port of Baltimore's closure will alter the flow of high horsepower tractors in and out of the country. In the Technology Corner, Noah Newman talks about some changes coming to drone operation regulations. Also in this episode, Kazakhstan's potential for the North American ag equipment industry and what 2024 holds for the sprayer market.

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