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Farm loans soar as ag economy deteriorates

Farm loans soar as ag economy deteriorates

Farmers are taking out loans at a rate and scale not seen in years as weakened crop prices weigh on the agricultural sector, according to a report from the Federal Reserve Bank of Kansas City. The volume of new operating loans increased at its fastest pace since 2017,...
Forty percent of farmers work off the farm

Forty percent of farmers work off the farm

The 2022 Census of Agriculture showed about 40 percent of American farmers worked 200 or more days off the farm in 2022. The majority, 93 percent, of the 3,078 U.S. counties for which data was reported had at least 30 percent of producers working 200 or more days off...
U.S. cattle on feed down slightly

U.S. cattle on feed down slightly

Despite the cattle inventory plummeting to the lowest level in 73 years, the number of cattle on feed remains surprisingly strong. Cattle and calves on feed for the slaughter market in the U.S. for feedlots with a capacity of 1,000 or more head totaled 11.6 million on...