Viewing a thread - USDA Predicts 13 Percent Farm Income Climb in 2017

Forums | Classifieds (57) | Skins | Language

You are logged in as a guest. ( logon | register )

USDA Predicts 13 Percent Farm Income Climb in 2017	View previous thread :: View next thread
Forums List -> Market Talk	Message format

NE Ridger

Posted 9/14/2017 13:18 (#6247684 - in reply to #6247518)
Subject: Look past the headline.

EC Nebraska

emtbd1979 - 9/14/2017 11:20

RWIowa - 9/14/2017 07:47

They are talking net, not gross.

I would guess without big machinery depreciation write-offs (from the looks of local dealers lots there isn't a lot of new machinery purchases) net could be higher than the last few years.

That is the trouble with accelerated depreciation. Doesn't save tax, just delays it - sometimes until a very inopportune time.

im still digging out of 2015 and working a second job hauling equipment and I'm not reaping this 13% higher net. These surveys are a joke. Must have only found 65 year old guys to survey with everything paid for. Ask the 40 year olds how good things are.

Read the actual report summary instead of headlines. As some have noted, a lot of the increase comes from carryover cash sales. And either measurement is still the second lowest since 2011.

After 3 consecutive years of decline, farm sector profits are forecast to increase in 2017. Net cash farm income for 2017 is forecast at $100.4 billion, up $11.2 billion (12.6 percent) from 2016. Net farm income, a broader measure of profits, is forecast at $63.4 billion, up $1.9 billion (3.1 percent) relative to 2016. The stronger forecast growth in net cash income is largely due to an additional $9.7 billion in cash receipts from the sale of crop inventories. The net cash farm income measure counts those sales as part of current-year income while the net farm income measure counted the value of those inventories as part of prior-year income. Despite the forecast upturn in these profit measures relative to 2016, levels would be below all other years since 2010 (net farm income) and since 2011 (net cash farm income).

Oh, and don't people usually complain that there are more 65 year old's farming than 40 year old's? It's an average, not a generality.

USDA Predicts 13 Percent Farm Income Climb in 2017 - sp26 : 9/14/2017 07:56
- RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - Itchy : 9/14/2017 08:06
  - RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - silverluv75 : 9/14/2017 08:15
- RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - Wicksfield : 9/14/2017 08:15
  - RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - agfarms : 9/14/2017 08:19
  - RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - BurkFarms : 9/14/2017 08:24
    - RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - DevinF : 9/14/2017 17:12
- RE:It's all those big insurance & subsidy checks. - 1234 : 9/14/2017 08:34
- RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - north1 : 9/14/2017 08:34
- RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - Pat H : 9/14/2017 08:40
- RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - RWIowa : 9/14/2017 08:47
  - RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - emtbd1979 : 9/14/2017 11:20
    - RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - SSTO76 : 9/14/2017 11:30
    - RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - 5 Head : 9/14/2017 12:42
      - RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - emtbd1979 : 9/14/2017 12:48
        
        RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - 5 Head : 9/14/2017 13:19
        
        RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - emtbd1979 : 9/14/2017 13:23
        
        RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - frytownfarmer : 9/14/2017 13:28
        
        RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - emtbd1979 : 9/14/2017 13:37
    - Look past the headline. - NE Ridger : 9/14/2017 13:18
      - RE: Look past the headline. - emtbd1979 : 9/14/2017 13:25
        
        RE: Look past the headline. - NE Ridger : 9/14/2017 13:32
- RE: USDA Predicts 13 Percent Farm Income Climb in 2017 - Now_What : 9/14/2017 20:02

Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)