The February Farm Income Forecast, showing net farm income, a broad measure of profits, at $136.9 billion in calendar year 2023, a decrease of $25.9 billion, or 15.9% from last year.
Not much movement in the November Purdue University/CME Group Ag Economy Barometer with a reading of 102 for the month, unchanged from October. The national average gas price fell 15.8 cents over the last week.
Ethanol output rose to an average of 932,000 barrels per day, the largest production level since the week ending on September 9 and up 43,000 from the prior week.
Ag Secretary Tom Vilsack announced the $500 million in grants, intended to spur competition in the fertilizer sector and combat price hikes on U.S. farmers.
A nutrient that helped nourish vast rainforests may be an emerging tool for California agriculture. The nation's average gas price declined for the thirteenth consecutive week.
The NCBA says the ruling effectively ends “yet another R-CALF attack on the Beef Checkoff and prevents the activist attorneys from further diverting Checkoff and beef industry resources.”