Download or read book U S Farm Income written by Randy Schnepf and published by Createspace Independent Pub. This book was released on 2012-10-23 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to USDA's Economic Research Service (ERS), national net farm income—a key indicator of U.S. farm well-being—is forecast at a record $122.2 billion in 2012, up 3.7% from last year's record. Record gross revenues from crop sales (forecast at $222.1 billion), coupled with record revenues (forecast at $34.1 billion) from farm-related income—a category that includes crop insurance indemnity payments as well as income from custom work, machine hire, etc.—pushed total gross cash income to a record $433.6 billion (up 5.5%). This more than offset flat revenues from livestock markets ($165.8 billion), and a 6.6% increase in input costs (forecast at $294.2 billion) to account for the record forecast for overall net returns. When measured in cash terms, net cash income in 2012 is also projected record large at $139.3 billion, up 3.4% from last year's record. However, when adjusted for inflation, current farm income forecasts remain well below the peak period of the early 1970s. In addition to record farm income, farm wealth is also at record levels. Farm asset values—which reflect farm investors' and lenders' expectations about long-term profitability of farm-sector investments—are expected to rise nearly 7% in 2012 to a record $2,551 billion for a fifth consecutive year of gains. Farm land cash markets have continued to see gains related to strong crop prices in 2012. Since 2008, farm asset values are up 26% while farm debt has risen by only 8%. As a result, the farm debt-to-asset ratio has declined steadily since 2008 and is expected to fall to the lowest level on record in 2012 at 10.2%. The 2012 outlook for a second year of strong farm income occurs in spite of slow growth in the domestic economy and the most severe and extensive drought in at least 25 years. The ongoing drought is expected to destroy or damage a significant portion of the U.S. corn and soybean crops, with deleterious impacts on all U.S. livestock sectors—cattle, hogs, poultry, and dairy—and with the potential to affect food prices at the retail level. Yet, drought-induced large increases in the value of this year's crops, plus substantial crop insurance indemnity payments, are expected to more than offset rising production expenditures for both crop and livestock activities and generate record farm income. Government farm payments, at $11 billion (up 6%), are expected to remain relatively small in 2012 (second-lowest total since 1997) as high commodity prices shut off payments under the price-contingent marketing loan and counter-cyclical payment programs. These data suggest a strong financial position in 2012 for the agricultural sector as a whole relative to the rest of the U.S. economy, but with substantial regional variation. In general, the increase in expenses will affect livestock producers more harshly than crop producers. Cash grain farmers in the Corn Belt and Northern Plains are expected to experience a second year of record revenues despite the drought. In contrast, livestock and poultry feeders are experiencing record high feed costs that have narrowed or eliminated profit margins despite record high wholesale and retail prices for their end products. In addition, the severe nationwide drought has limited grazing opportunities and hay production for cattle ranchers in the affected regions and led to substantial herd liquidation. The lingering effects of the drought are expected to spill over into next year, when record-high market prices will likely motivate large feed grain and oilseed plantings. Eventual 2013 agricultural economic well-being will hinge greatly on spring crop planting and summer growing weather, as well as both domestic and international macroeconomic factors including economic growth and consumer demand.
Download or read book Major Statistical Series of the U S Department of Agriculture written by and published by . This book was released on 1988 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Farm Income written by and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a result, farm income and rural economic conditions may vary substantially across the United States.1 However, this report focuses singularly on aggregate national net farm income and the farm debt-to-asset status as reported by the U. S. Department of Agriculture (USDA).2 Annual U. S. net farm income is the single most watched indicator of farm sector well-being, as it captures and reflects th [...] When national net farm income is reported together with a measure of the national farm debt-to-asset situation, the two summary statistics provide a quick indicator of the economic well-being of the national farm economy. [...] In contrast to net cash income, net farm income includes the value of home consumption, changes in inventories, capital replacement, and implicit rent and expenses related to the farm operator's dwelling that are not reflected in cash transactions during the current year. [...] Farmers can manage the timing of crop and livestock sales and of the purchase of inputs to stabilize the variability in their net cash income. [...] S. and State Farm Income Data," available as part of the Farm Income Data Files, Farm Income and Costs Briefing Room, Economic Research Service (ERS), USDA, at .
Download or read book The Farm Income Situation written by and published by . This book was released on 1942 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Major Statistical Series of the U S Department of Agriculture Gross and net farm income written by United States. Department of Agriculture and published by . This book was released on 1957 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Net Farm Income written by United States. General Accounting Office and published by . This book was released on 1993 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Small Farms in the United States written by Robert A. Hoppe and published by DIANE Publishing. This book was released on 2010-08 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ninety-one percent of U.S. farms are classified as small ¿ gross cash farm income (GCFI) of less than $250,000. About 60% of these small farms are very small, generating GCFI of less than $10,000. These very small noncommercial farms exist independently of the farm economy because their operators rely heavily on off-farm income. The remaining small farms ¿ small commercial farms ¿ account for most small-farm production. Overall farm production continues to shift to larger operations, while the number of small commercial farms and their share of sales maintain a long-term decline. The shift to larger farms will continue to be gradual, because some small commercial farms are profitable and others are willing to accept losses. Illus.
Download or read book U S Farms written by Dawson P. Haynes and published by Nova Science Pub Incorporated. This book was released on 2014-01-25 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to USDAs Economic Research Service (ERS), the national net farm income, a key indicator of U.S. farm well-being, is forecast at a record $121 billion in 2013, up 6% from last year, and about $3 billion above 2011s previous record. In addition to record net farm income, farm wealth is also at record levels. This book discusses the USDAs Economic Research Service (ERS), which originally developed a farm typology that has been used over the years extensively in ERS publications and USDA analyses to help clarify the distributional impacts of policy, market, and technological developments.
Download or read book Farm Income Statistics written by United States. Department of Agriculture. Economic Research Service and published by . This book was released on 1975 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Income and Finance Outlook written by J. Michael Harris and published by DIANE Publishing. This book was released on 2010-10 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an overview of the financial characteristics and performance of the U.S. farm sector and farm bus., and the financial status of farm households. All three measures of farm income are projected to decline in 2009 ¿ net farm income, net cash income, and net value added. Uncertainty surrounds the forecasts of farm assets, debt, and equity in 2009, given the volatility of commodity, energy/input, and financial markets. Farm financial ratios monitoring liquidity, efficiency, solvency, and profitability show that the sector¿s financial performance in 2008-09, while slightly worse than in 2007, is quite favorable overall when compared to the 1980s and 1990s. In 2009, the largest declines in farm-bus. income are forecast for dairy farms. Illus.
Download or read book Farm Payments written by United States. General Accounting Office and published by . This book was released on 1987 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Structure and Finances of U S Farms written by and published by . This book was released on 2005 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Farms written by Dawson P. Haynes and published by . This book was released on 2013 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to USDA's Economic Research Service (ERS), the national net farm income, a key indicator of U.S. farm well-being, is forecast at a record $121 billion in 2013, up 6% from last year, and about $3 billion above 2011's previous record. In addition to record net farm income, farm wealth is also at record levels. This book discusses the USDA's Economic Research Service (ERS), which originally developed a farm typology that has been used over the years extensively in ERS publications and USDA analyses to help clarify the distributional impacts of policy, market, and technological developments.
Download or read book Farmer s Tax Guide written by and published by . This book was released on 1995 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Perspective On U s Farm Problems And Agricultural Policy written by Lance McKinzie and published by CRC Press. This book was released on 2019-04-09 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Perspective on U.S. Farm Problems and Agricultural Policy provides a framework for evaluating national policy alternatives and attempts to improve our understanding of the nature of U.S. farm sector and its problems.
Download or read book Farm Income Situation written by United States. Department of Agriculture. Economic Research Service and published by . This book was released on 1946 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Farm Income Outlook For 2015 written by Congressional Research Service and published by Createspace Independent Pub. This book was released on 2015-02-18 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to USDA's Economic Research Service (ERS), national net farm income—a key indicator of U.S. farm well-being—is forecast at $73.6 billion in 2015, down 32% from last year's level of $108.0 billion. The 2015 forecast would be the lowest since 2009. Net cash income is projected down 22.4% in 2015 to $89.4 billion. The forecast for lower net farm income and net cash income is primarily a result of the outlook for lower crop and livestock receipts—down a combined 6.3%. The fall in cash receipts comes despite record corn and soybean harvests in 2014, as commodity prices plunged in the last half of 2014 and are expected to remain at substantially lower levels compared with the period of 2012- 2014, when prices for many major program crops experienced record or near-record highs. Government payments are projected up by 15% to $12.4 billion, which partially offsets the $25.8 billion decline in crop and livestock receipts. The 2014 farm bill (Agricultural Act of 2014; P.L. 113-79) eliminated direct payments of nearly $5 billion per year and replaced them with a new suite of price and revenue support programs. In particular, the Price Loss Coverage (PLC) program replaced the previous Counter-Cyclical Price (CCP) program, but with a set of reference prices based on substantially higher support levels for most program crops. Agricultural Risk Coverage (ARC) relies on a five-year moving average price trigger in its payment calculation, but also adopts the PLC reference price as the minimum guarantee in years when market prices fall below it. The higher relative support levels of PLC and ARC are expected to trigger payments of $6.2 billion in 2015. U.S. farm income experienced a golden period during 2011 through 2014, driven largely by strong commodity prices and agricultural exports. In particular, U.S. agricultural exports have nearly tripled in value since 2000. However, agricultural exports are forecast lower in 2015, down 6% from last year's record $152.5 billion—due largely to a strengthening U.S. dollar coupled with a weakening economic outlook in several major foreign importing countries. Despite the outlook for lower farm income in 2015, farm wealth is projected to remain at record levels. Farm asset values—which reflect farm investors' and lenders' expectations about long-term profitability of farm sector investments—are projected up slightly (0.4%) in 2015 to $3,005 billion, reflecting a leveling off of the previous year's strong outlook for the general farm economy. The outlook for lower commodity prices in 2015 has slowed the previously rapid growth of farmland values. At the farm-household level, average farm household incomes have surged ahead of average U.S. household incomes since the late 1990s. In 2013 (the last year for which comparable data were available), the average farm household income of $118,373 was about 63% higher than the average U.S. household income of $72,641. The outlook for lower net farm income, coupled with record farm wealth, suggests a mixed financial picture heading into 2015 for the agricultural sector as a whole, with substantial regional variation. Declining prices for most major program crops signal tougher times ahead, and considerable uncertainty surrounds producer participation in the new safety net programs of the 2014 farm bill. Eventual 2015 agricultural economic well-being will hinge greatly on the crop choices made this spring, growing conditions during the spring and summer, and harvest-time prices, as well as both domestic and international macroeconomic factors, including economic growth and consumer demand.
