Cattle Numbers Up, But Prices Down From Last Month

Cattle Numbers Up, But Prices Down From Last Month

In a report dated July 24, 2015, the USDA’s National Agricultural Statistics Service (NASS) has stated there are 98.4 million head of cattle on U.S. Farms. This marks the first inventory increase since the pre-recession days of 2006. The report also forecast the 2015...
Consumers Experience Rise In Food Cost

Consumers Experience Rise In Food Cost

Meat and egg prices are the leading cause of rising food cost in 2015, according the U.S. Department of Labor’s Bureau of Labor Statistics news release of June, 22, 2015. The Consumer Price Index for all Urban Consumers (CPI-U) was unchanged from May 2014 to May 2015....

Have You Decided Which Commodity Support Program to Elect?

John VanSickle, Rod Clouser, Marina Arouca, UF/IFAS Food and Resource Economics Department The 2014 Farm Bill introduced changes to farm commodity programs.  The safety net is now composed of two new programs, Price Loss Coverage (PLC) and Agricultural Risk Coverage...
US Beef Cow Herd Increased 2% in 2014

US Beef Cow Herd Increased 2% in 2014

Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist The inventory of all cattle and calves was 89.8 million head on January 1, 2015, up 1.4 percent from one year ago but, except for last year, still the smallest total herd inventory...
2014 NASS Farm Land Rent & Labor Survey Summary

2014 NASS Farm Land Rent & Labor Survey Summary

It is the time of year when land owners and farmers negotiate lease agreements for renting farm land. One of the toughest parts of negotiation is having a handle on what is a fair price.  The USDA National Agricultural Statistic Service (NASS) does an annual survey to...