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Farm income estimated to drop 38%
2015-11-30 15:12:00| National Hog Farmer
By P. Scott Shearer, Bockorny Group, Washington, D.C. The USDA is forecasting net farm income to fall to $55.9 billion this year compared to an estimated $90.4 billion in 2014. This 38% drop from 2014 is the largest single-year drop since the 1980s. read more
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Net farm income forecast down 36%
2015-08-31 17:24:00| National Hog Farmer
By P. Scott Shearer, Bockorny Group, Washington, D.C. USDA forecasts net farm income for 2015 will be the lowest since 2006 at $58.3 billion, 36% lower than 2014s estimate of $91.1 billion. This is down nearly 53% from the record high of $123.7 billion in 2013. read more
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Farm income, land values continue to slide in Midwest, Midsouth
2015-05-14 21:12:00| Corn & Soybean Digest
Source: Federal Reserve Bank of St. Louis Amid an ongoing worldwide slump in grain prices, Eighth District agricultural bankers reported a continued decline in farm income during the first quarter of 2015 compared with the previous year, according to latest Agricultural Finance Monitor. The average value of quality farmland also declined, with this trend expected to continue during the second quarter. read more
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Net Farm Income Lower in 2014
2014-12-08 16:40:00| National Hog Farmer
P. Scott Shearer, Bockorny Group, Washington, D.C. Net farm income will drop to $97 billion this year, down nearly 22% from last years estimate of $122.8 billion, according the U.S. Department of Agricultures latest forecast. read more
USDA Predicts Net Farm Income to Fall 14%
2014-09-02 16:28:00| National Hog Farmer
P. Scott Shearer, Bockorny Group, Washington, D.C. The U.S. Department of Agricultures Economic Research Service is forecasting 2014 net farm income at $113.2 billion, down 14% compared to 2013. read more