The Census of Agriculture provides a wealth of data on the state of the industry. Economists with NASS recently took a look at farm topology, peeling back the layers of each operation.
“The farm topology sort of slices this up by looking at what’s called the gross cash farm income. Under value production, that farm produces many, many dollars in value production. But the part that comes back to the farmer is just the fee he receives. Cash farm income and the farm topology just count the part that the farmer gets for his fee. Value production counts everything that came off the farm,” said Joseph Parsons.
Economists uncovered that producers on small farms tend to be new to the profession and have served in the military, and they also likely rely on off-farm work to get by. They also discovered that farming has become a retirement plan, with many new small farmers over the age of 65.
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The Final Grain Stocks Report may be the last key figures we see if a government shutdown halts future updates.
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USDA and EPA officials aim to maintain America’s robust food supply while ensuring farmers have access to key resources and crop protection tools.
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The Senate failed to pass a continuing resolution that had been approved by the House the previous week. They could take it up again today, but it would take seven democrats to end the stalemate.
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