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.
Holiday movie storylines are increasingly popular and often romanticize small towns while society seems to be running in the opposite direction. Clinton Griffiths shares his Farm Sense on these Christmas movies.
USDA's mid-year inventory totals suggest that the U.S. cattle herd has reached a plateau. I contrast a plateau with a more typical cyclical peak inventory that historically has implied a liquidation phase to follow.