News Archive

Rising prices, strong worldwide demand and more than $27.2 billion in government payments drove net farm income in the U.S. to $113 billion in 2021, its highest level in eight years. The outlook for 2022 depends on a range of market issues, including those outlined below. Remember, though, we continue to live in ”interesting times,” […]

Ripple effects of the COVID-19 pandemic continue to impact dairy farmers. In our last dairy article we touched upon the network of pandemic-related market conditions that triggered Dairy Margin Coverage payments for the seventh consecutive month. Unsurprisingly, shrunken margins persist and have, yet again, triggered DMC payments for the eighth, ninth and 10th consecutive months […]

Fall harvest continues across the countryside for the majority of principal crops. According to USDA-National Agricultural Statistics Service’s Crop Progress report, as of Oct. 24, farmers in 18 states that cover 96% of 2020 U.S. soybean acres have harvested 73% of soybean planted acres, which is less than the 82% reported at the same time […]

There has been a lot of discussion about inflation over the last six months, and for good reason. According to the Economic Research Service, the price of beef and veal in the CPI has risen 5.2% from January-August 2021 compared to the same period in 2020. The forecast range for the entirety of 2021 for […]

The USDA Farm Service Agency reports more than 18,900 operations, or 75% of all dairy farms with established production history, are enrolled in the Dairy Margin Coverage program for the 2021 calendar year. This is a 50% increase from the just over 50% of all dairy operations that were enrolled for 2020. Part of this […]