As grilling season kicks off, the focus is now on demand, as major companies like Tyson and McDonald's are already warning consumers meat prices could climb with ASF continuing to claim China’s hog herd.
Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
FAPRI’s baseline projections point to little change in net farm income over the next decade, which could lead to further erosion in the farm financial picture for agriculture. For 2019, FAPRI sees livestock receipts not boasting the numbers USDA currently projects.
As the fight over President Donald Trump’s border wall continues, USDA reports are at a standstill. University of Missouri economist Scott Brown says no reports or fresh data may be bad news for the cattle markets.
As agriculture enters into its sixth year of the current recession in the sector, relationships with ag lenders are growing even more important. Three ag lenders answer: "How do you know it’s time to walk away?"
USDA announced details of a second tranche of MFP payments, but growers may want to talk with their tax specialist before rushing to the Farm Service Agency (FSA) office according to a Farm Journal tax expert.