Despite MFP payments, farm economy still stuck

Agricultural Economic Insights

Can positive trade news turn it around?

It appears that there was finally some good news in the U.S.-China trade dispute.  Any positive news is certainly good news for those involved in agriculture.  To underscore how important it is, one just needs to look at the USDA’s most recent estimates of farm income and farm financial conditions.

In many respects, the Economic Research Service’s latest net farm income update didn’t provide much new information.  Rather, it only provided further confirmation of what almost everyone in agriculture already knows.  The farm economy is not good.  Despite ERS’s estimate that the U.S. will make $4.6 billion in market facilitation program (MFP) payments, net farm income is forecast to fall 12% from 2017 to 2018.

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1 Comment

  1. Exports rising and dairy prices falling…what the….shouldn’t be…. our “leaders” say that increasing exports will raise dairy prices….do they think we are fools….the fools are those who reject any form of supply management….only a fool would not recognize that gluttony has brought us to this disastrous dairy economy….

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