Small share of coronavirus package for food aid and farmers

The final coronavirus aid package of the year would direct 3 percent of its $900 billion in funding to food assistance and relief for agricultural producers, according to its Democratic and Republican sponsors. "It's a deal that must come together," said one of the sponsors, Sen. Joe Manchin of West Virginia, on Sunday.

‘Trump bump’ in farm income to disappear in 2021

U.S. farm income, buoyed by record-setting farm subsidies this year, will sink in the new year with the disappearance of government payments to buffer the effects of the trade war and the coronavirus pandemic on agriculture, said the FAPRI think tank on Thursday. Farm groups and their allies in Congress are likely to seek billions of dollars in new federal assistance, said analysts.

USDA to buy as much excess milk and meat as possible, says Perdue

Besides billions of dollars in cash payments to farmers, coronavirus relief will include purchases of "as much" milk and meat as possible for hunger relief, said Agriculture Secretary Sonny Perdue on Wednesday. President Trump says at least $16 billion will be spent on aid to agriculture. (No paywall)

U.S. heads for highest farm income in seven years

Thanks to a steady recovery, U.S. farm income this year will be the highest since 2013, the peak of the commodity boom, said the government on Wednesday. The USDA forecast net farm income, a broad measure of profits, at $96.7 billion this year, with higher crop and livestock revenue offsetting the end of two years of mammoth Trump tariff payments.

Farm income below $70 billion — a new average for U.S. agriculture?

The USDA forecast net farm income of $69.4 billion this year. If accurate, the total would be the third year of net income below $70 billion since 2015. “We’re starting to see ... a new average coming out here,” said USDA economist Carrie Litkowski on Wednesday.

Net farm income to rebound in 2019 as farmers pare expenses

After hitting a pothole in 2018, U.S. net farm income will recover this year under the combined effects of financial belt-tightening and rising crop prices, said the USDA on Thursday. It projected net farm income of $77.6 billion in 2019, which would be the highest total since the commodity boom collapsed in 2014.

Think tank forecasts sluggish farm income, continued stress

U.S. farm income has been in a rut since the collapse of the commodity boom in 2013, and it is likely to grow only slowly after a bump upward in 2019, estimated a University of Missouri think tank.

Farm income stabilizes after steep decline that began in 2013

U.S. farm income will tick upward this year, a sign of stability three years after the collapse of the commodity boom pushed income into a nosedive. Still, even with this year’s upturns, income will be a fraction of 2013’s peak, said the USDA.

U.S. farm income noses upward after three years of declines

Commodity prices are still in a trough but U.S. farm income is on the rise for the first time since 2013 because producers are sending more crops and livestock to market than initially expected, said the USDA. It forecast net cash farm income, a measure of liquidity, of $100.4 billion this year, far stronger than the February forecast of $93.5 billion, but only three-fourths of the record set in 2013.