farm income

Farm income and land values surged in the closing months of 2020, lifted by higher commodity prices and large federal payments.

July exports of U.S. beef rebounded from recent lows but remained below 2019 levels, according to data released by USDA and compiled by the U.S. Meat Export Federation.

U.S. Trade Representative Robert Lighthizer gave members of the House Ways and Means Committee an update on trade talks with China.

Farmers were asked to rate how satisfied they are with the midterm results with 64% saying they’re very satisfied or somewhat satisfied with the outcome.

Dicamba complaints are down. A story from agriculture.com says one thing farmers have started to appreciate is dicamba is not as forgiving as other herbicides.

China will be increasing imports of American agriculture and energy products and will seek to address U.S. protection concerns about intellectual property.

Farm income will drop to $59.5 billion, the lowest since 2006. Lenders don’t expect to see a repeat of bankruptcies that led to the 1980s U.S. farm crisis.

American farmers will produce record amounts of meat, poultry and milk this year. John Deere sales of ag and turf equipment are forecast to increase in 2018.

Market prices are down steeply from the commodity boom that ended in 2013. Buying U.S. farm commodities, making countries like Brazil and Argentina much more attractive to Mexican importers if the NAFTA talks fail, which would see higher cost. Fraudulent labeling continues to be a problem with organic imports.

Bankers are expecting an increase in farm loan foreclosures. Arkansas Ag officials are being sued due to a proposed ban on a weed killer linked to widespread crop damage. an increase in farm loan foreclosures is expected by some bankers. Cargill is expanding, signed an agreement to buy Diamond V.