US farmers falling down the global totem pole
By Rhiannon Branch, Brownfield
February 6, 2020
Farm income, yields and production expansion are better in some other countries and Dan Basse, President of global ag market analysis firm Ag Resource Company, tells Brownfield thatís a sad story for American farmers.
ďThe average farmer down in Brazil is making somewhere around 24%. So think about that, they are paying for a farm in four or five years and so they are doing cartwheels and quite happy about their lot and life. Here in the United States the farm outlook just isnít as bright. In fact, USDA cut the net income forecast for 2020 by 9% from last year.Ē
He says if there is good growing weather this year the outlook for market prices is sliding down...