The organic market has seen continued growth in retail sales in the past decade. U.S. organic retail sales increased by an average of 8% per year and surpassed $53 billion in 2020 (inflation-adjusted to 2021 dollars).
Inflation-adjusted U.S. net cash farm income (NCFI), defined as gross cash income less cash expenses, is forecast to increase $4 billion (3.6%) to $115.2 billion in 2020.
In recent years, farm real estate (land and structures) has typically accounted for about four-fifths of the total value of U.S. farm assets. Farmland values have stabilized since 2014, following a long trend of appreciation since the 1980s. However, there is regional variation in both farmland value levels and growth trends.
The older age of U.S. farmers remains a topic of interest (Kurtzleben; Stone). This article thus revisits the farmdoc daily article of Oct. 23, 2013, updating it with 2017 Census of Agriculture data. It is also a condensed, more focused version of a forthcoming article in the Handbook of Rural Aging. A key point is that U.S. policy should focus more on helping older farmers remain active, high performers.
A survey conducted by the American Federation of Government Employees shows that most employees affected by the USDA move will likely leave their position rather than relocate. According to Politico, with whom AFGE exclusively shared the survey results, up to 80% of employees at several Economic Research Service (ERS) departments do not plan to relocate, despite being selected to work in Kansas City.
U.S. Secretary of Agriculture Sonny Perdue today announced the U.S. Department of Agriculture (USDA) will relocate the Economic Research Service (ERS) and National Institute of Food and Agriculture (NIFA) to the Kansas City Region.
Farm businesses — operations where farming is reported as the operator’s primary occupation or that have at least $350,000 in annual sales — accounted for more than 94% of U.S. farm sector production in 2017.
A new report from the Economic Research Service branch of USDA contends approximately 35.5% of U.S. cropland planted to 8 major crops, or 88 million acres, had no-tillage operations in 2009.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.