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Recent Articles

July 15, 2019

Haves and Have-Nots: Why MFP 2019 Will be A Disappointment for Some

by Brent Gloy and David Widmar   The flow of meaningful information from USDA leadership about MFP 2019 payments has remained painfully slow. Yes, there was the big announcement, but there has been exactly zero information that producers can plug into their farm financial projections to help them plan for the rest of 2019. In […]

July 8, 2019

Farm Loan Delinquencies Higher in 2018, Remain Historical Low

by David Widmar After several years of persistently low net farm income, collapsing levels of working capital, and rising debt, there has been growing concern about the overall health of the farm economy. A helpful measure is farm loan delinquency rates, which is published by the Kansas City Federal Reserve Bank. Two categories of farm […]

July 1, 2019

Direct Payments Set to Soar in 2019

by David A. Widmar   While producers wait for the USDA to release meaningful information about how MFP 2.0 might impact their farm’s financial projections, we thought it would be helpful to provide context about all forms of direct payments in 2019. Specifically, this week’s post reviews direct farm payment and how the latest round […]

June 24, 2019

Farm Sector Working Capital at Critical Levels

By Brent Gloy Sector level working capital is one of the most straightforward and useful indicators of farm sector financial conditions.  Sector level working capital has been on the decline since 2012 and we indicated last year that it was approaching critical levels.  The most recent update by the Economic Research Service (ERS) indicates that […]

June 17, 2019

The Prevented Planting Giant Begins to Wake Up 

by David Widmar   After much anticipation and speculation, the USDA’s June WASDE report adjusted 2019 corn acreage and yields lower after a slow, wet spring. This is likely the first of many production adjustments to take place of the summer. We’ve observed a wild range of estimates and speculation about where the prevented planting […]

June 10, 2019

Concentration in Agricultural Production

by Brent Gloy The trend toward increasing amounts of total ag sector sales being generated by larger farms has been going on for some time, so I wasn’t planning on being surprised when I looked at table 41 of the 2017 Census of Agriculture.  This table reports on the concentration of sales in the farm […]