The farm-income bump is the bailout by Trump

U.S. farm income will be slightly higher than expected this year due chiefly to $4.7 billion in Trump tariff payments that will buffer the impact of trade war on commodity prices, says the USDA. With the bailout, farmers are forecast to collect $13.6 billion in direct farm payments, the largest amount in 12 years.

Income weak, producers borrow more from ag banks

Farmers typically try to stretch their dollars during the summer in the expectation that payday will arrive with the fall harvest. Not this year. Ag bankers report the largest summertime increase in non-real-estate loan volume in 16 years and it was driven primarily by demand for operating loans to pay day-to-day expenses, said a quarterly Federal Reserve report.

Big corn and soybean inventories add to sour farm economy

Already-bulging U.S. corn and soybean stockpiles are much larger than expected, said a USDA report, compounding the effects of a trade war and bumper crops on the farm economy. Farm income this year is forecast to be the lowest since 2006.

Duration of decline tops magnitude as farm income issue

When the commodity boom collapsed in 2014, U.S. farm income plunged along with it. While there are signs that income is stabilizing, economists Brent Gloy and Dave Widmar say their foremost concern "is more about the duration than the magnitude" with the fourth year of persistently low income going into the books.

Farm income stabilizes a bit, but financial stress edges upward

U.S. farm income is higher than expected this year and is regaining its footing after taking a tumble early this decade, said the Agriculture Department on Thursday. Nonetheless, net farm income will be the lowest since 2006, and the debt-to-asset ratio is rising for the sixth year in a row.

Anxiety mounts in farm country as details lag on Trump’s tariff-driven bailout

With commodity prices dropping and farm income projected to plummet, America’s farmers are growing increasingly anxious over the lack of specifics about how much money they’re going to get, and when they’re going to get it, from President Trump’s $12-billion bailout, reports The Wall Street Journal.

Most farmers expect lower income because of trade war

Seven of 10 farmers participating in a Purdue poll said they expect lower net income this year due to the tit-for-tat tariff war - a dour outlook that pulled down the monthly Ag Economy Barometer to its lowest reading since President Trump was elected in November 2016. The 26-point drop wiped out the remnants of "Trump bump" agricultural euphoria that propelled the barometer to a record high as Trump took office.

Farm earnings improve when land and assets taken into account

The financial health of farms is commonly demonstrated through its net income, or a farm household's financial losses or gains over the course of a year. According to those metrics, each year just over half of the U.S.'s 2 million farms report negative income. But a new report from the USDA's Economic Research Service uses a wider scope—including asset appreciation, unpaid labor, and tax benefits from farming—to assess the economic state of the country's farms in 2015. 

House quietly aims for farm bill revival by June 22

Four days after defeating the farm bill, the House quietly delayed Speaker Paul Ryan's attempt to revive the bill until June 22, with GOP leaders hoping that hardline Republicans will vote for it the second time. Members of the House Freedom Caucus provided the decisive votes against the farm bill to underline their demand for a roll call on immigration controls. (No paywall)

Tax boon for co-op customers must change, says Grassley

The first major agricultural flaw found in the new tax law has “got to be changed,” said Iowa Sen. Chuck Grassley. Grain companies are very concerned that Section 199A of the new law “would put them out of business if we don’t do something,” he said.