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USDA Will Implement Long-Awaited Change to Country-of-Origin Labeling Rules

Daily Yonder

label stripped America’s cattle producers of a vital opportunity to market their USA beef while denying consumers the opportunity to support them,” said Joe Maxwell, co-founder of the advocacy group Farm Action and long-time farmer, in a press release. “[Product of U.S.A. From 2022 to 2023, net farm incomes dropped by $41.8

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Report Recap: Four Factors Impacting Farm Income in 2023 

Trimble Agriculture

In 2022, landowners experienced record high farm income, with net farm income reaching $183 billion. Net Farm Income and Cash Farmer Income, Inflation Adjusted (billion dollars) Note: F = forecast. But in 2023, that number is predicted to fall 22 percent. percent from 2022.

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FAPRI forecasts falling prices for producers

Todays Farmer Magazine

Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022. Cattle, hog, poultry and milk prices all increased in 2022. Federal spending on farm-related programs was above the historical norm between 2019 and 2022, largely because of short-term, ad hoc programs.

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Free Financial Resources for Farmers with Ag Loans

Trimble Agriculture

According to the latest USDA data, net farm income is forecast to fall 27 percent in 2024. Its goal is to help farm operators get a clearer picture of their operation’s current financial standing and make more informed financial decisions about their ag loans. Want to try it for yourself? Click the link below.

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