Items Tagged with 'net farm income'

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On the Record

Deere’s Leadership Changes Point to Youth Movement

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.
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Lower Expenses, Increased Value of Ag Production Projected to Improve Net Farm Income in 2019

USDA’s Economic Research Service updated its farm profitability projections for 2019 on March 6. It reported net farm income, a broad measure of profits, is forecast to increase $6.3 billion (10%) from 2018 to $69.4 billion in 2019, after decreasing $12.billion (16%) in 2018. Net cash farm income is forecast to increase $4.3 billion (4.7%) to $95.7 billion.
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2018 Farm Profits Expected to Drop to Near 2016 Levels

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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USDA & FAPRI Net Farm Income Projections Vary for 2018

The outlook for 2018 farm net income varies depending on recent reports from USDA on Aug. 30 and University of Missouri’s Food and Agricultural Policy Research Institute (FAPRI) on Sept. 18. However, the USDA outlook did not include potential payments from the Market Facilitation Program (MFP) that provides farmers with compensation for losses incurred because of trade disputes, announced on Aug. 27. On the other hand, FAPRI’s farm income projections incorporates the initial round of MFP payments.
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Don’t Bet the Farm on USDA’s Initial Farm Profits Outlook for 2018

Earlier this month — Feb. 7 to be exact — USDA issued its farm sector profits forecast for 2018. The ag agency’s most recent outlook calls for further declines in net farm income and net cash farm income for the year ahead. But researchers at the University of Illinois Agricultural and Consumer Economics, say that, if past history holds true, the initial forecast is probably somewhat lower than what we’ll see next year at this time.
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Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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