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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 […]