Indiana Farm Bureau, Inc.’s Post

Farm Income to Plateau After this Year's High U.S. farm income will decline modestly in 2024 and then run at historically high levels in the near term, said the Food and Agricultural Policy Research Institute (FAPRI) think tank at the University of Missouri. Although well above average, net farm income of around $140 billion annually in coming years would be a step down from the record of $183 billion last year. Learn more: https://lnkd.in/gJHTTPmN

It’s the start of a new quarter, and if you’re looking for insights across many sectors of the agricultural economy, now is a great time to check out the Q2 Terrain Quarterly Outlooks. https://lnkd.in/gxRxeR8j Terrain's expert analysts distill vast amounts of data to provide thought leadership, market intelligence, and informed outlooks across all sectors of the agricultural economy. #agriculture #economics #Q2 #outlooks #agecon #agriculturaleconomics

The U.S. saw growth of almost 31% in net farm income from 2021 through 2022. NFI is a broad measure of farm sector profitability. Researchers with USDA’s Economic Research Service used data from the Farm Income and Wealth Statistics to classify states into six categories of NFI changes. The five agricultural states with the highest NFI include Texas, which had the highest NFI growth at 65% from 2021 to 2022, followed by Minnesota at 55.7%. Growth in the remaining top five states, including California, Iowa, and Illinois was also strong. #agriculture

Farm Income to Plateau After this Year's High U.S. farm income will decline modestly in 2024 and then run at historically high levels in the near term, said the Food and Agricultural Policy Research Institute (FAPRI) think tank at the University of Missouri. Although well above average, net farm income of around $140 billion annually in coming years would be a step down from the record of $183 billion last year. Learn more: https://lnkd.in/gZeP9YkM

It's #NationalAgWeek! Agriculture is a major player in Indiana's economy, contributing just over $35 billion to the state's economy. #economicimpact #agriculture #indiana #economy #business

The Monthly Monitor is a new report compiled by the The University of Missouri Rural and Farm Finance Policy Analysis Center (RaFF) and Farm Journal that surveys economists nationwide on their projections of agricultural trends. In this Q&A, RaFF director Dr. Scott Brown discusses the impact of the weather and other factors impacting commodity markets. #agricultureandfarming #commodities #WeatherImpact #geopolitics University of Missouri-Columbia University of Missouri System

The Monthly Monitor is a new report compiled by the The University of Missouri Rural and Farm Finance Policy Analysis Center (RaFF) and Farm Journal that surveys economists nationwide on their projections of agricultural trends. In this Q&A, RaFF director Dr. Scott Brown discusses the impact of the weather and other factors impacting commodity markets. #agricultureandfarming #commodities #WeatherImpact #geopolitics University of Missouri-Columbia University of Missouri System

🎥 Delegates attending the 28th session of the African Commission on Agricultural Statistics (AFCAS) were addressed by, FAO Representative of South Africa, Dr. Babagana Ahmadu. The #AFCAS28 comprises of officials in National Statistics Offices and Ministries of Agriculture from FAO member countries in Africa. Agricultural statistics are important for evaluation, planning and monitoring as they provide vital numbers on production, stocks, and prices within the agricultural sector. More here: https://lnkd.in/gPMaGCCB #agriculture Department of Agriculture, Land Reform and Rural Development

Potato Prosperity: A Deep Dive into the 2022 Tri-States Potato Market Surge #Tri-StatesPotatoMarket #Agriculture #PotatoIndustry #AgriculturalEconomics #FarmingTrends #SustainableAgriculture #AgriculturalInnovation #CropProduction #USDAData #MarketGrowth In 2022, the potato industry in the Tri-States region (Idaho, Oregon, and Washington) experienced a remarkable surge in sales, reshaping the landscape of agricultural economics in the area. According to the latest data from the USDA, the combined value of potatoes sold in these states […] https://lnkd.in/ezbEMFsp

When you compare Canadian farmer sentiment vs a year ago, it is clear that the mood and outlook has really changed. The Canadian Farmer Sentiment Index shows that farmers and rancher have lost confidence in their marketing plans and have lower outlooks for both current and future farm financial performance. Watch Justin Funk and I break down the data and I encourage your opinions and further questions. #agriculture #farming #ranching