Posted on 02/08/2024 4:33:13 PM PST by Kaiser8408a
This reminds me of “The Human Farm” episode of Parks and Recreation.
A new report from the US Department of Agriculture forecasts that US farmers are poised for another year of financial misery, facing the most significant decline in incomes in almost two decades as crop prices slide and US dominance in ag exports wanes.
USDA forecasts net farm income, a broad measure of profits, to plunge $39.8 billion, or 25.5%, to $116.1 billion in 2024. This follows a forecasted decrease of $29.7 billion, or 16%, from 2022 to $155.9 billion in 2023.
If the estimate holds, farmers face the largest income drop since 2006 and back-to-back years of financial pain.
“With this expected decline, net farm income in 2024 would be 1.7 percent below its 20-year average (2003–22) of $118.2 billion and 40.9 percent below the record high in 2022 in inflation-adjusted dollars,” USDA wrote in the report.
Simultaneously, farmers are witnessing a rapid decline in their leading role in the global grain market. Decades of corn export dominance were shredded by Brazil last year.
Bidenomics is failing blue-collar workers who put food on America’s table.
Food prices (CPI) are up 21% under listless, dementia Joe Biden.
I am surprised that Orin from Parks and Recreation hasn’t been appointed to Biden’s cabinet as Secretary of Agriculture.
(Excerpt) Read more at confoundedinterest.net ...
Wasting 40% of our corn crop on ethyl for gas. Lost to export.
CLOWARD & PIVEN strategy to destroy our country.
Just what we expected from “ Progressives “.WEF claims Farming is Ecocide
NO FARMERS NO FARMS NO FOOD!
About as basic as it gets.
When our government collects taxes, they take some of our energy from us. If we didn’t give up that energy to the government, we’d expend it on things we want or need.
Our government has spent too much that energy we sent to them on things that have not made us a better country.
The Klaus Schwab controlled countries are trying to make food too expensive to buy , it’s part of their plan
True: I recall in late 75 I traveled the entire state of Nebraska. I basically sold my products to city type business folks, but; I recall how great restaurants owned by farmers were. I could not eat the farmer’s portion. It was way to much. I always respected them as they let me hunt pheasant on their land. Most were in corn fields or other brush.
My idiot in-laws will play the “vast right wing conspiracy” card/
My idiot in-laws will play the “vast right wing conspiracy” card/
It’s really Deepstate-nomics.
"The CPI in the US was up 0.2% month-over-month in December 2023, below a 0.3% increase initially reported, revised figures from the BLS showed. Also, data for November was revised higher to 0.2% from an initial 0.1% and the October rate was also revised up to show a 0.1% increase instead of a flat reading initially reported. Meanwhile, the core rate which excludes prices of food and energy, was unrevised to show a 0.3% increase in both December and November and a 0.2% gain in October. Every year, the Bureau of Labour Statistics readjusts its seasonal adjustment factor to reflect price movements from the just-completed calendar year. source: U.S. Bureau of Labor Statistics"
https://tradingeconomics.com/united-states/inflation-rate-mom
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