In this file:

 

·         Farm Income Drops 50 Percent In Four Years

·         Farm Belt Braces for Falling Incomes, Trade Disputes

 

 

Farm Income Drops 50 Percent In Four Years

 

By Ashley Davenport, Farm Journal Broadcast, Multimedia Editor

via AgWeb - February 8, 2018

 

During an address of the House Agriculture Committee earlier this week, Agriculture Secretary Sonny Perdue called the farm economy “fragile,” and the latest net farm income forecast is reflecting that.

 

In the first forecast of 2018, the U.S. Department of Agriculture (USDA) is predicting farm profits to dwindle 6.7 percent to $59.5 billion, which is the lowest it’s been since 2006.

 

In the last four years, net farm income has plummeted roughly 50 percent. Factoring in inflation, the 2018 forecast could be the worst year since 2002.

 

“Credit conditions are going to be similar to what they were last year,” said Ashley Arrington, founder of AgriAuthority. “Bankers are still going to up the ante and ask for more information because of how the climate has been the past couple of years.”

 

This report could put more pressure on lawmakers to get to work on the 2018 farm bill...

 

more, including video

https://www.agweb.com/article/farm-income-drops-50-percent-in-four-years-naa-ashley-davenport/

 

 

LIVESTOCK HIGHLIGHTS: Top Stories of the Day

 

Souce: Dow Jones Newswires

via Morningstar - 2-8-18

 

TOP STORIES

 

Meat Prices Seen Rising on Higher Freight Costs, Tyson Says – Update …

 

Farm Belt Braces for Falling Incomes, Trade Disputes

 

U.S. farmers are gearing up for another tough year.

 

Farm incomes are expected to hit their lowest point since 2006 and borrowing costs are rising, federal data shows, as a deepening slump in the agricultural economy enters its fifth year.

 

The U.S. Department of Agriculture on Wednesday forecast that farm incomes would fall 7% to $60 billion in 2018 on lower crop and livestock revenue, less than half of the record $124 billion farmers earned in 2013. Farmers are already borrowing more to keep farms running, the Federal Reserve Bank of Kansas City said last week. The bank said lending at agricultural banks jumped in the fourth quarter of 2017 compared with a year earlier, fueled by large farm loans.

 

Yum Brands Buys 3% Stake in Food-Delivery Service GrubHub

 

Yum Brands Inc. is buying a 3% stake in food-delivery service GrubHub Inc. for $200 million, making it one of the first fast-food companies to directly invest in a food-delivery service as it maneuvers the world of online food sales.

 

Yum Finance Chief David Gibbs told investors Thursday that the relationship with GrubHub is designed to increase customers' access to its KFC, Taco Bell and Pizza Hut brands. Food makers are increasingly trying to capture sales from consumers who are finding it easier -- and often, cheaper -- to dine at home or in their office.

 

STORIES OF INTEREST

 

Tyson Divvies Up US Tax Savings -- Market Talk ...

 

Cropland Prices Rise in Parts of Midwest -- Market Talk  ...

 

Speedy Whole Foods Delivery Set to Hurt In-Store Sales -- Market Talk  ...

 

FUTURES MARKETS

 

Sliding Hog Prices Weigh Down Futures  ...

 

more

http://news.morningstar.com/all/dow-jones/us-markets/2018020816371/livestock-highlights-top-stories-of-the-day.aspx