ARC-CO Revenue Guarantees Decline Throughout Much of the U.S.

by Brent Gloy

Last week we looked at how benchmark or Olympic average yields have changed since the start of the ARC-CO program.  This week we will examine how ARC-CO revenue guarantees have changed across the country.  Again, we will see that the results differ widely across the country.  Continue reading

Where the Farm Income Boom Happened (and Didn’t)

ag trends. agricultural economic insights

by David A. Widmar

We have frequently written about the expansion and subsequent contraction of the U.S. farm income. While most of our previous work has focused on sector-level trends across the U.S. farm economy, we have anecdotally noted these trends likely vary at the local, state, and regional levels. Thinking about these variations, we previously looked at how changes in farmland values have varied across the country. To provide more insight on the variations in the farm economy, this week’s post considers state-level changes in net farm income during the boom and contraction. Continue reading

2017 Net Farm Income Forecasted Lower, But Conditions Better Than a Year Ago

By David Widmar and Brent Gloy

Last week the USDA provided an update on net farm income estimates, including the first look at 2017. With this report, the USDA confirmed net farm income would be lower for the fourth consecutive year. However, the USDA’s latest estimates were not all bad news. This week’s blog post analyzes the latest USDA estimates and why conditions in 2017 are better than the outlook a year ago. Continue reading