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

Daily Yonder

food labels only be used on products derived from animals that were born, raised, and slaughtered within the United States. Small farmers and ranchers in rural America especially felt the brunt of this. From 2022 to 2023, net farm incomes dropped by $41.8 to be labeled “Product of U.S.A” The number of U.S.

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Letter Urging Congress to Pass a Bipartisan Farm Bill in 2023

NASDA

To manage risk, it’s important for America’s farmers, growers, and ranchers to be supported by strong farm bill programs as they face extreme weather conditions, natural disasters, high supply costs and inflationary pressures – all of which farmers, growers, and ranchers are facing right now.

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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.

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FAPRI forecasts falling prices for producers

Todays Farmer Magazine

Marc Rosenbohm, senior research associate with the University of Missouri’s Food & Agricultural Policy Research Institute, discusses the crop outlook during the 2023 Abner Womack Missouri Agriculture Outlook Conference on April 12 in Columbia. Projected net income declines in 2023 and 2024 as receipts and payments fall.

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Industry Ag News 2/9

Agwired

Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. Income is estimated to be nearly $40 billion lower this year compared to 2023, down more than 25 percent. American Farm Bureau Federation economists analyzed the latest USDA data in a Market Intel.

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Farm Bill Coalition Letter

NASDA

We were encouraged to see farm bill proposals released by leadership of the House and Senate committees of jurisdiction in May and June. We were especially pleased to see swift movement in the House Committee on Agriculture and the resulting bipartisan vote of approval for the Farm, Food, and National Security Act of 2024.

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Eight Challenges for U.S. Agriculture in 2024 and How to Mitigate Them 

Trimble Agriculture

In 2023, inflation-adjusted net farm income is forecasted to decline 20 percent, falling from several years of record highs. This trend is expected to continue into 2024, albeit at a slower pace, with income falling close to the five-year average. Net farm income is nearing the five-year average.