Low crop prices, high costs hurt farm income, economist says.(BUSINESS)(HEADLINER)

From: Star Tribune (Minneapolis, MN) | Date: July 1, 2001| Author: | Copyright information

Byline: Joy Powell; Staff Writer

Many Midwest farmers continue to struggle under heavy debt burdens, according to a new survey of agricultural lenders by the Federal Reserve Bank of Minneapolis. In the following interview excerpts, regional economist Tobias Madden explains the state of the ag economy in the Ninth Federal Reserve District, which includes Minnesota, northwestern Wisconsin, Montana, North Dakota and South Dakota.

Q - What is the outlook for the agricultural economy?

A - The long winter, severe weather, low projected prices and higher input costs are ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Farm income.
; Farm income will be off sharply from the past several years, which were very strong...supplies, prices of wheat, corn, soybeans, beef and pork are well below a year ago. And weather and disease will take a toll in Southwest and Upper Midwest...
DEAR COLLEAGUE: FARM INCOME
; ...provide background for a complex debate on farm income that will soon engage the Senate. I...world markets, the recent history of farm income, ongoing government programs, our budget...the overall U.S. economy. Positive net farm income under Freedom to Farm - $43.8 billion...
FARM INCOME RISES 1.6%
; WASHINGTON (AP) - Net farm income rose 1.6 percent to $970.5 million...also showed that overall U.S. net farm income increased last year, but the gains...sharpest year-to-year increases. Net farm income increased in 34 states, averaging...
Farm income to dive in '97, U.S. says
; U.S. net farm income is forecast to plunge 23%, to $40...up. In its first forecast for net farm income for the new year, the department's...little changed from 1996. A dip in farm income could signal a retreat from the strong...
RECORD FARM INCOME PREDICTED FOR INDIANA
; ...up the fall harvest will enjoy record farm income during 2004 of more than $1.52 billion...the forecast holds up, this year's net farm income will be about 9 percent greater than...1996. Last year, Indiana's total net farm income was $1.33 billion. Purdue agricultural...
Farm income in 2003.(Brief Article)
; Generous subsidies from Uncle Sam will again prop up farm income. Net cash farm income will rise by about 11% to more than $51 million. Without aid, market income of farmers would be little changed from 2002.
Record high farm income predicted for 2003.
; * Record high farm income predicted for 2003--The USDA predicts...a record high--$60.2 billion. Net farm income is forecast at $52.6 billion, an...2003 prediction is realized, net farm income would be second only to the $54.8...
Government of Canada to Meet With Farmers to Discuss Farm Income
; ...commitment to addressing the issue of farm income in Canada, Parliamentary Secretary for...29 to get a better understanding of farm income prospects and gather farmers' input...we can find lasting solutions to the farm income problem in Canada, and help ensure the...
Higher farm income boosts regional business index
; OMAHA, Neb. (AP) - Higher farm income is helping improve the rural Midwest...the monthly survey, said higher farm income is playing a role in the recovery...industry are polled. The strongest farm income since 1996 for most of the region...
STUDY: FARM INCOME DOWN 40 PERCENT.(LOCAL)
; Wisconsin's total net farm income dropped by more than 40 percent last year, according to an annual...according to the annual Status of Wisconsin Agriculture report. A year ago, analysts predicted that the state's average all-milk price would...