Agriculture 2023-2024

[missouriboy]

If the numbers are good, and transport/distribution doesn't foul the works, cereal production and utilization for 2023 appear to be in balance ... although the margin appears tight.  Most of us may not starve this year. 

wattsupwiththat.com/2024/02/03/world-cereal-production-set-to-hit-record-high-in-2023/

[Sigurdur]

Feb 4, 2024 9:22:11 GMT missouriboy said:

If the numbers are good, and transport/distribution doesn't foul the works, cereal production and utilization for 2023 appear to be in balance ... although the margin appears tight.  Most of us may not starve this year. 

wattsupwiththat.com/2024/02/03/world-cereal-production-set-to-hit-record-high-in-2023/

Entering 2024, world supply/demand ratio is very high. Price discovery is indicating a reduction in production is required. Grain bins are overflowing

[Sigurdur]

[Sigurdur]

www.farmprogress.com/markets-and-quotes/morning-market-review

[ratty]

Feb 8, 2024 13:56:03 GMT Sigurdur said:

www.farmprogress.com/markets-and-quotes/morning-market-review

This bit made me sit up and take notice!

USDA’s Economic Research Service (ERS) released its first look at 2024 net farm income on Wednesday morning, showing that net farm income is expected to fall 27% ($43 billion) from last year’s earnings to $116.1 billion in 2024.

If realized, that would be the largest single-year decline in annual farm income since 2006. It marks the largest two-year decline in net farm incomes since 1982. 2024 second straight year of declining farm profits, driven in large part by a 6% decrease in cash receipts expected in the next 11 months.

Net farm income hit a record high of $196.4 billion in 2022 but will likely decline by 46% in the two years following. Current net farm income levels are comparable to 2020 earnings.

[gridley]

Feb 8, 2024 23:15:33 GMT ratty said:

Feb 8, 2024 13:56:03 GMT Sigurdur said:

www.farmprogress.com/markets-and-quotes/morning-market-review

This bit made me sit up and take notice!

USDA’s Economic Research Service (ERS) released its first look at 2024 net farm income on Wednesday morning, showing that net farm income is expected to fall 27% ($43 billion) from last year’s earnings to $116.1 billion in 2024.

If realized, that would be the largest single-year decline in annual farm income since 2006. It marks the largest two-year decline in net farm incomes since 1982. 2024 second straight year of declining farm profits, driven in large part by a 6% decrease in cash receipts expected in the next 11 months.

Net farm income hit a record high of $196.4 billion in 2022 but will likely decline by 46% in the two years following. Current net farm income levels are comparable to 2020 earnings.

Ouch. Yet taxes keep going up...

[missouriboy]

Resurrect the old Commodity Foods Program.  I remember it being very good for basic needs.  The food stores would scream.

[Sigurdur]

[ratty]

Feb 10, 2024 0:34:48 GMT Sigurdur said:

I enjoyed that history lesson.

[Sigurdur]

Feb 10, 2024 4:28:39 GMT ratty said:

Feb 10, 2024 0:34:48 GMT Sigurdur said:

I enjoyed that history lesson.

I am seasoned enough to have lived through all of the advanced equipment Barry talked about.

[ratty]

Feb 10, 2024 16:00:26 GMT Sigurdur said:

Feb 10, 2024 4:28:39 GMT ratty said:

I enjoyed that history lesson.

I am seasoned enough to have lived through all of the advanced equipment Barry talked about.

Love your euphemisms, Sig.

[code]

[Sigurdur]

x.com/MariaPasillasTV/status/1763959151405769172?s=20

[ratty]

Mar 2, 2024 21:48:48 GMT Sigurdur said:

x.com/MariaPasillasTV/status/1763959151405769172?s=20

Same happens here.

[missouriboy]

So far half of March's days have been 15F to 25F above normal here in Middle Earth.  Every plant (vegetable to tree) believes it is Spring.  One apple blossom is about to flower.  The green onions are growing by inches a day.  The bees are out working my flowering ground cover.  And we have had 2-3 inches of rain.  Sure hope there isn't a massacre.  Very much like 2012 spring.  That one turned very dry by summer.