According to a report from the Farm Bureau, Chapter 12 family farm bankruptcies in 2019 increased by nearly 20% from the previous year, according to recently released data from the U.S. Courts. Compared with figures from over the last decade, the 20% increase trails only 2010, the year following the Great Recession, when Chapter 12 bankruptcies rose 33%.
USDA currently projects farm income in 2019 to reach $88 billion – the highest net farm income since 2014’s $92 billion but still 29% below 2013’s record high.
Following a famously difficult planting season in the U.S., the USDA June Acreage Report showed a surprising increase in corn acres planted year-over-year, up 3% compared to June 2018.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.