Edging Closer to the ARC-CO Payment Cliff

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By Brent Gloy

The 2016 USDA farm income forecast shows that USDA expects direct government program payments to increase by roughly $2 billion over 2015 levels, reaching a total of $12.8 billion.  The increase was driven primarily by increases in payments under the ARC and PLC programs.  From 2015 to 2016 the forecast is for PLC program payments to increase from $754 million in to $1.96 billion (160% increase) and payments under ARC programs to increase from $4.38 billion to $5.94 billion (35% increase). Continue reading

Credit Concerns?

by Brent Gloy

From sticky input prices to falling commodity output prices, U.S. farmers are working their way through some of the most difficult financial times in recent memory.  Purdue’s Ag Economy Barometer showed that after a slight July uptick, producer sentiment has turned decidedly lower. As we noted in a previous post this summer banker attitudes about agricultural credit conditions were turning as negative as they had been in some time.   We thought that now would be a good time look at credit conditions.  Continue reading

Thanksgiving 2016: A Reading List

thanksgiving reading list. agricultural economic insights. ag trends.

Readers,

Again this year we are deviating from our standard weekly post to share a collection of articles we think you will enjoy.  Continue reading