Articles Tagged with ''usda''

After Falling in 2016, U.S. Farm Net Income Expected to Begin Rising in 2017

USDA released its Agricultural Projections to 2025 this past week. If the current outlook holds, it could be good news for farm equipment dealers. According to the report, farm net income, which ultimately determines if farmers will invest in capital expenditures (equipment, buildings, etc.), will bottom out in 2016 and begin a gradual rise for the next decade. In all likelihood, it will not reach the levels seen in 2013 and 2014, but it will be an improvement vs. 2015 and 2016.
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Crop Progress Report

Harvest is Underway for Both Corn and Soybeans

As of Sept. 18, 93% of U.S. corn acres were in the dented stage. This compares with 92% on this date a year ago, 87% a week earlier and the 5-year average of 91%, according to USDA. At this point 53% of corn is considered “mature.” This is up from 33% last week, 48% last year and the 5-year average of 48%.


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