…expenses are forecast to increase sixteen-point-seven billion dollars or almost four percent,” she said. “Through a simulation, we can look at how the sector forecasts might affect farm businesses. On…
Nine California Counties Among Top 10 in U.S. Ag Sales
…of agricultural products sold totaled $59.0 billion, up $13.8 billion from 2017. Total farm production expenses totaled $49.3 billion, up $11.5 billion from 2017. At 16,699 farms, California is the…
Record Income Drop Expected, What Can Farmers Do?
…in a Market Intel. Net farm income is the profit farmers see after paying for operating expenses. Two major factors are impacting income forecasts – lower prices paid to farmers…
Value-Added Producer Grants Available to Help Expand Markets
…$31 million is available for the program, with a 100 percent cost-share match requirement. Funds can be used for planning activities and working capital expenses related to value-added agricultural product…
USDA and USTR Seek New Trade Advisory Committee Members
…security clearance, and serve without compensation for time, travel, or expenses. Applications are accepted until January 31, 2024, and late submissions will be considered for future appointments. Listen to the…
Almond Matters: Putting Dormancy Programs into Action
…stay clean” philosophy. Burkdoll recognizes the economic pressures on growers, with lower crop prices, increased costs of crop protection materials, rising labor expenses, and expensive diesel fuel. However, he underscores…
Almond Update: Grower Referendum Seeks Borrowing Authority for Almond Board
…needed to capitalize on market potential. “We have a lot of heavy promotional expenses. There’s public relations and especially advertising. The media budgets, which are so hefty, largely take place…
PPP Loans Provided Billions to U.S. Farm Sector in 2020
…and certain other entities to allow them to cover some of their payroll costs. The PPP loans were forgiven in full if the loan was used on eligible expenses, including…
Additional Organic Dairy Assistance Offered Through New Program
…to aid dairy producers in navigating market fluctuations, increased expenses, and unpredictable feed supply and pricing challenges. Having already distributed an initial $15 million in the first round, the total…
Ag Labor Expenses Forecast to Increase in 2023
…$100 spent on production expenses, almost $10 goes toward labor. Total labor expenses include contract and hired labor payments but exclude non-cash employee compensation. Generally, the animal production sector uses…
Most Grilling Costs Stay Higher This Summer
…grocery store either. They’re price takers, not price makers, whose share of the retail food dollar is just 14%. Farmers have to pay for fuel, fertilizer and other expenses, which…
Farm Income Rising
…production expenses are forecast to increase by almost 19 percent in 2023,” she said. Nigh says USDA projects increases in cash receipts for both crops and livestock. “On the crops…
Farm and Food Workers Relief Program to be Administered by 15 Organizations
…program is made possible through the Consolidated Appropriations Act of 2021. FFWR grant recipients will be making $600 payments to farmworkers and meatpacking workers to offset costs for necessary expenses…
USDA Says Farm Profits to Reach Near-Record High in 2022
…cash expenses and will reach $168.5 billion in 2022, the highest level since 2012. In comparison, net farm income is forecast to drop by almost $1 billion from 2021 to…