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by USDA
2016 February 29
The average age of principal operators in the latest Census of Agriculture (2012) was 58 and has been greater than 50 since the 1959 census. That farmers are older, on average, than other self-employed workers is understandable, given that the farm is the home for most farmers, and they can gradually phase out of farming over a decade or more.


by WLJ
2016 February 29
“These facts combine to support that we are in a transition phase, going from placements below year-ago levels to placements above yearago levels. Of course if there is a large shift in market fundamentals such as a short corn crop; these expected dynamics will change.


by WLJ
2016 February 29
Complete beef trade data for 2015 was released recently in the USDA Economic Research Service’s Livestock and Meat International Trade Data series. Not surprisingly, imports of beef and veal into the U.S.


by WLJ
2016 February 29
lose a lot of farms and ranches; roughly 20,000 to be specific. However, these losses were all hobby farms and easily made up by increases in the number of larger farms. Possibly more pressing however, is the loss of 1 million acres in farm and ranch land.


2016 February 29
The Purdue Comparative Decision Support matrix, known as PCDS, includes a spreadsheet tool that allows users to create an operating budget based on their own fixed and variable costs, cash flow and expected revenue. The PCDS2 profit/loss analysis function uses cost and price information to calculate potential earnings.


2016 February 26
The cash fed cattle trade was slow to develop last week, though it is unclear if that was because packers were holding out on the hope of declining prices or because they just didn’t need cattle last week. By last Thursday afternoon, not even 6,500 head had been confirmed for the whole week.


by USDA
2016 February 22
In 2016, payments to stakeholders are forecast to increase by $3.3 billion (4.8 percent), while net value added is forecast to rise by 1.3 percent. Net value added represents the sum of economic returns to all the providers of factors of production.


by USDA
2016 February 22
Agricultural exports support job growth in the U.S., and the number of jobs depends on the type of products exported. In calendar year 2014, $150 billion in U.S. agricultural exports supported an estimated 1,132,000 full-time civilian jobs, up from the 1,095,000 agricultural export-related jobs the previous year.


2016 February 22
Both net cash and net farm income are forecast to decline for the third consecutive year after reaching recent highs in 2013 for net farm income and 2012 for net cash income. Net cash farm income is expected to fall by 2.5 percent in 2016, while net farm income is forecast to decline by 3 percent.


2016 February 22
With the final 2015 trade data in hand, it is possible to look back and summarize 2015 North American cattle trade. Limited cattle inventories, market conditions and exchange rates all played a part in 2015 cattle trade between the U.S. and Canada and suggest what might be expected in 2016.


by DTN
2016 February 22
In the situation you describe, assuming the decedent held 100 percent of the property, the heir or heirs can sell with modest capital gain tax if the sale price is close to the appraised value of the property at date of death.


by USDA
2016 February 22
Canada and Mexico are the two largest sources of U.S. agricultural imports and account for about one-third of the total value, while the combined value of imports from the countries that comprise the European Union roughly equal the value of imports from Canada.


by USDA
2016 February 22
Cash receipts across all commodities are expected to fall by nearly $9.6 billion in 2016. As in 2015, this decline largely reflects falling commodity prices rather than changes in production, which are lower for a broad set of agricultural commodities in 2016 relative to recent years.


by DTN
2016 February 22
The outlook for ag credit conditions deteriorated sharply in late 2015, based on a fourth-quarter survey by the Kansas City Federal Reserve. Bankers expected a surge of farm loan demand and loan renewals and the steepest drop in repayment rates in the last decade, the survey found.


by USDA
2016 February 22
Animal/animal product cash receipts increased by 43.8 percent in real terms from 2005 to 2014, but are estimated to have declined by 12.5 percent in 2015 and are expected to fall an additional 4.3 percent in 2016 (to $181.4 billion) in nominal terms.


by USDA
2016 February 22
The new Price Loss Coverage (PLC) and Agricultural Risk Coverage (ARC) programs, introduced in the 2014 farm bill, are expected to account for almost two-thirds of direct payments to farm operations. Payments under both of these programs are contingent on a producer’s prior enrollment of “base” acreage and prevailing conditions.




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