Beef Prices Soar to Record Highs, Yet Farmers Struggle to Reap the ...
Aug 30, 2024 · The Story – Drought, Inflation and Inventory. Pasture conditions began to deteriorate across the United States in 2020. The La Niña-driven drought would press on for the next three years causing pasture conditions to deteriorate and sending prices for feed grains to record levels (Figure 2). At the same time, inflation began to rise, driving up costs for everyone in the United States ...
The Crucial Role of Farmer Cooperatives and Why Active …
Jun 24, 2024 · The cooperative business model has been pivotal in the development and stability of the U.S. agricultural industry. Cooperatives provide a platform for farmers to pool resources, preserve market access, share risk and enjoy economies of scale, which is important to maintaining leverage and bargaining power.
American Farm Bureau Federation - The Voice of Agriculture
Dec 3, 2024 · American Farm Bureau Federation is the unified national voice of agriculture, working through our grassroots organizations to enhance and strengthen the lives of rural Americans and to build strong, prosperous agricultural communities.
U.S. Agricultural Land Values and Cropland Cash Rents Reach …
Aug 5, 2024 · Agricultural land values increased by $200 an acre over last year, according to USDA’s National Agricultural Statistics Service. The Land Values 2024 Summary report, released on August 2, shows a 5% increase to an average $4,170 per acre.This follows a 6.7%, or $250, increase between 2022 and 2023 and marks the fourth consecutive increase in …
Fast Facts About Agriculture & Food - American Farm Bureau …
On average, one U.S. farm feeds 169 people annually in the U.S. and abroad. The global population is expected to increase by 1.8 billion by 2050, which means the world’s farmers will have to increase total annual grain production by almost 1 billion tons and total meat production by more than 200 million tons.
U.S. Cattle Inventory Smallest in 73 years | Market Intel | American ...
Feb 5, 2024 · On the other hand, higher cattle prices mean purchasing cattle for expansion will cost more. The Federal Reserve on Jan. 31 said it will maintain the federal funds interest rate range between 5.25% and 5.5%,. Interest expenses for farmers are up 43% from this time last year. This means farmers who need to borrow money for expansion will have to …
Crop Insurance 101: The Basics - American Farm Bureau Federation
May 2, 2024 · To begin, farmers must first select the level of coverage they want to purchase. The coverage level refers to the percentage of commodity value that is covered — referred to as the liability — and the corresponding loss that a farmer must incur before an indemnity payment will be made (comparable to a deductible for home or auto insurance).
Market Prices - American Farm Bureau Federation
All market prices contained on the Farm Bureau website are for reference purposes only, and are not a real-time market data feed. These prices are on at least a 10-minute delay and should not be used for trading purposes. Cotton prices are end-of …
Analyzing Farm Inputs: The Cost to Farm Keeps Rising
Mar 17, 2022 · Production costs are rising faster than commodity prices, making it harder to just break even. Like any other business, farmers and ranchers are constantly evolving their budgets.
Events - American Farm Bureau Federation
American Farm Bureau events bring people together for leadership training, professional development, building connections, and inspiration. Register today and engage with ag producers, members, and leaders across the country.
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