Rural Money
The USDA’s latest crop forecast for corn and soybean production will impact U.S. producers as well as make an impact on global trade.
Diesel prices are on the rise, posing a huge challenge for farmers as they navigate their operations through the beginning of harvest season for many key U.S. crops.
In a recent survey by Purdue University, researchers asked consumers nationwide about potential pork price increases in relation to California’s controversial Prop 12 legislation. The results might be surprising as grocery-store prices continue to break the bank.
As production costs escalate and interest rates climb, agricultural producers find themselves increasingly reliant on credit. However, in a contrast to some sectors of the economy, the agricultural credit outlook still stands as a bastion of strength despite a rise in farm debt.
Final Demand Prices rose 0.7 percent, marking the highest Producer Price Index monthly increase since June 2022.
Consumers think inflation will impact their Thanksgiving dinner table this year.
The help is in addition to millions of dollars spent to help distressed borrowers last August.
A recent USDA report found farm real estate and cropland values have both climbed upward over the past year, averaging $4,080 per acre, which Farmland Partners says shows the farmland market is still strong and is adding value.
Sunday, 8/6/23 – 9 PM ET | 8 PM CT | 7 PM MT | 6 PM PT
Agriculture accounting expert and CPA Paul Neifer joins us for some guidance Thursday on RFD-TV’s Market Day Report.
Georgia’s peach farmers are calling it the “worst season in decades” after a late-March freeze caused them to suffer huge crop losses. It is a real challenge that U.S. Senator John Ossoff (D-GA) understands.
The Farm Service Agency’s crop acreage reports as well as the USDA Emergency Relief Program applications are both coming up in mid-July.