NAMA Shortcuts
Member Directory
Best of NAMA 2012
Upcoming Events
Chapters
Agri-Marketing Conf
More NAMA












AGRI-PULSE: FARM DEBT RATIOS TO HIT NEAR RECORD LOWS
Agri-Pulse reports:

With so many weather-related crop losses this year, it's little wonder that USDA is forecasting an almost $4 billion decline in net farm income for 2012.

At $114 billion, the projection is down 3.3% from the all-time high in 2011. Net cash income is forecast at $132.8 billion, down 1.4% from 2011.

Those losses could have been much worse, if it weren't for what are expected to be record crop insurance indemnities and gains in the value of crops, livestock, and especially revenues from services and forestry sales. Larger gains are predicted for oil crops and other farm income, according to USDA's Economic Research Service in a report Tuesday.

Agriculture Secretary Tom Vilsack described the results as "heartening," while noting, "it confirms that American farmers and ranchers remained impressively resilient in 2012, even with tough odds due to one of the worst droughts in more than a generation."

Solid gains in the projected annual value of U.S. agricultural production will be more than offset by increases in purchased inputs and payments to stakeholders the agency said. In particular, feed expenses are forecast to increase almost $10 billion in 2012, the report notes.


Search News & Articles






















Proudly associated with:
American Business Media Canadian Agri-Marketing Association National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters American Agricultural Editors' Association Livestock Publications Council
All content © Copyright 2014, Henderson Communications LLC. | User Agreement