expenses

Fertilizer costs are having a bigger and bigger impact on farm budgets. In the lead-up to the 2022 crop year, fertilizer prices surged to record highs, driven by tight global supplies, …

In 2020, the Federal Reserve (the Fed) responded to an acute recession by cutting interest rates and launching large-scale asset purchases to support credit and stimulate demand. Then, inflation in 2021 and …

By Danny Munch – AFBF Economist USDA’s December 2024 farm income forecast confirms just how tough a year it’s been for American agriculture, with slightly revised projections offering little relief …

On Feb. 7, USDA released the first insights into net farm income expectations for 2024. The latest report anticipates a decrease from 2023’s forecast of $155 billion to $116 billion – a …

Given agriculture’s ongoing struggle to recruit domestic workers and a very tight U.S. labor market overall, it should be no surprise that H-2A program usage reached new highs again in …

USDA’s first cost of production forecast for major field crops like corn, soybeans, wheat, cotton, rice, and others shows that input costs are expected to remain elevated into the next growing season. …

2022 lease rates did not decline in Montana. Mostly, they were up slightly, following a pattern that has been seen for many years: average lease rates inch up, but once …

The average price of diesel is $5.32 per gallon, more than $1.50 above the same time last year. While prices are below the $5.81 peak in June, the high cost …

USDA’s most recent Farm Sector Income Forecast, released Feb. 4, anticipates a slight decline in net farm income for 2022. U.S. net farm income, a broad measure of farm profitability, is …

Due to increasing natural gas prices, nitrogen fertilizer prices are relatively high compared to recent years and are expected to remain high and possibly increase through next spring, says Dave …