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Farm income up even though we're doomed

Cal

Well-known member
http://www.agweb.com/get_article.aspx?src=gennews&pageid=137832



8/31/2007 8:29:48 AM
2007 Net Farm Income Forecast at $87.1 Billion

AgWeb.com Editors



Net farm income is forecast to be $87.1 billion, up $28.1 billion from 2006 and $29.7 billion above its 10-year average of $57.4 billion, says UDSA. The forecast for 2007 is on par with the record-setting $85.9 billion (established in 2004) for net farm income.

"The value of the sector's production is expected to rise $47.7 billion to $323 billion in 2007, with production forecast to be up $23.5 billion for crops and up $20.4 billion for livestock. The value of services and forest products produced from farm resources added another $3.8 billion," states USDA. "The rise in prices of grains and oilseeds due to the demand from the rapid expansion of ethanol production could result in a record corn crop and record cash receipts for crops. Rising prices for milk and poultry have led to a surprisingly large jump in the projected cash receipts for livestock and animal products, likely setting a new record level, also."

© 2006 AgWeb.com. All Rights Reserved.
 

MoGal

Well-known member
Must be someone else besides the farmer making money, BIL told me today corn is $2.53 bushel (or that's what they are paying for it).
 

IL Rancher

Well-known member
Corn was going 2.80 today at the elevator.. Not so great but better than 12 months ago.. If the farmer had forward contracted in June he could have sold it for more.. Hedgining and all that.. Of course than you risk droughting out.. Always something..
 

Cal

Well-known member
MoGal said:
Must be someone else besides the farmer making money, BIL told me today corn is $2.53 bushel (or that's what they are paying for it).

http://www.verasun.com/Facilities/corn.cfm?ID=2
 

katrina

Well-known member
Cal........... Get on the telephony and say sold!!!!!!!!!! Call early and you can still get $8.03...... That's down enough I would say. Take a december delivery and you can use it for income next year........ Hubby has been hauling for two weeks now......... Get in gear little buddy!!!!
 
A

Anonymous

Guest
Cal said:
http://www.agweb.com/get_article.aspx?src=gennews&pageid=137832



8/31/2007 8:29:48 AM
2007 Net Farm Income Forecast at $87.1 Billion

AgWeb.com Editors



Net farm income is forecast to be $87.1 billion, up $28.1 billion from 2006 and $29.7 billion above its 10-year average of $57.4 billion, says UDSA. The forecast for 2007 is on par with the record-setting $85.9 billion (established in 2004) for net farm income.

"The value of the sector's production is expected to rise $47.7 billion to $323 billion in 2007, with production forecast to be up $23.5 billion for crops and up $20.4 billion for livestock. The value of services and forest products produced from farm resources added another $3.8 billion," states USDA. "The rise in prices of grains and oilseeds due to the demand from the rapid expansion of ethanol production could result in a record corn crop and record cash receipts for crops. Rising prices for milk and poultry have led to a surprisingly large jump in the projected cash receipts for livestock and animal products, likely setting a new record level, also."

© 2006 AgWeb.com. All Rights Reserved.

Katrina-- your $8.00 wheat is only bringing $6.50 around here...

Cal-- the same report says that nationwide costs have increased by 8 1/2+ % in the last year, too....Locally instate because of the transportation costs they figure that cost increased 10+%...... :shock: :(

So where is this 2% inflation rate that the Administration in D.C. keeps tooting their horn about :???:
 
A

Anonymous

Guest
Another "little issue" the Administration doesn't figure into its lies they tell us for inflation rates.... :roll: :( :mad:

----------------------------------------------------------

Farmers struggling with insurance costs

By AMY LORENTZEN
Associated Press Writer


DES MOINES, Iowa (AP) -- The cost of health care in the U.S. is putting a pinch on many family farmers and ranchers who struggle to pay high premiums and out-of-pocket expenses, a new report has found.

About 90 percent of the more than 2,000 farmers and ranchers who were surveyed said they had some sort of health coverage, according to the 2007 Health Insurance Survey of Farm and Ranch Operators released Thursday.

However, many complained of high premiums, and more than a quarter said high out-of-pocket insurance costs were creating financial problems, the report found.

The money problems included using up savings, being forced to take off-farm employment, delaying investments in their operation, and difficulty paying rent, mortgage and other bills.

Most of the 10 percent of respondents who reported that all, or at least one family member was not insured at some point in 2006, said they did not have coverage because it was too expensive.
"Medical costs are way out of line," one respondent said. "Insurance company costs have gone way beyond affordable when income has stayed the same."

http://hosted.ap.org/dynamic/stories/F/FARM_SCENE?SITE=MTBIL&SECTION=BUSINESS&TEMPLATE=DEFAULT
 

Larrry

Well-known member
OT that is right about ins. I know a guy who says he pays over ten grand a year for him and his wife. That used to be a good wage.
Though you have doctors that send you in for a five grand test over a splinter. They are just covering their bases. What bothers me is they say "insurance will pay it" like it's no big deal. No "I am paying it when I pay my premiums" :mad:
 

katrina

Well-known member
Katrina-- your $8.00 wheat is only bringing $6.50 around here...
So OT...... How much 6.50 wheat have you sold???? That's good money..............

We have done the insurance dance........ And you have to have a high decuctable and not use it for every little splinter....... Instead of using your insurance all the time try and pay for as much as you can yourself..... It helps in the long run........ So many times just because we have insurance we think we have to max our deductable out and more...... Time to live healthy and hope that no accidents happen or serious illiness like cancer hits.........
 

jigs

Well-known member
seed guy reccomended today to buy seed now. looks for a BIG jupm in Janurary..... of course the $600 nitrogen I keep hearing about has me wondering if I will plant any corn at all.

gonna switch to hay and hoofs.
 

CattleArmy

Well-known member
Jigs the trouble with hay and hoofs is the year there isn't enough hay to feed the hoofs. Hay this year is high here. We decided it's cheaper to truck the cows to cornstalks and just pray that the winter is mild. Scary thing about that is nobody takes care of your cows like you would.
 

katrina

Well-known member
Corn at Fremont is $2.90 a bushel.... And the trains are not coming in like they should...... So you can unload wheat Monday but it's bohemian blackmail.....
You unload your wheat, and they pay you 90 cents a bushel to haul corn to Blare...... :)
 

jigs

Well-known member
CattleArmy said:
Jigs the trouble with hay and hoofs is the year there isn't enough hay to feed the hoofs. Hay this year is high here. We decided it's cheaper to truck the cows to cornstalks and just pray that the winter is mild. Scary thing about that is nobody takes care of your cows like you would.
sent a load of very poor grassy hay to Tenn. today. got $100 a ton. hard to hold it back for myself if I can get that kind of money. RFV was only 140 !

good leafy 200 + is running $140 ! plus $1600 to get it there!

how these dairy guys make it is amazing!
 
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