Policy makers, economists, the farm and food industry, consumer advocates, and others rely on USDA’s food price outlook and farm sector income and finances data in their decision making and planning. At this year’s Forum, two sessions focus on these closely watched USDA forecasts and present the latest analysis and projections.
A session on the Farm Income Outlook for 2015 focuses on general measures of the financial well-being of the farm economy. The analyses and data released by the Economic Research Service (ERS) and used by USDA and others in both the public and private sector provide insights about the financial health of the U.S. agricultural economy. Financial performance measures assess the farm sector’s receipts and expenses; net income; variations in farm income by farm size and other categorizations; and changes in the sector’s wealth holdings. ERS estimates and forecasts of farm income and wealth are based on information collected across USDA and other parts of government, as well as responses to USDA’s annual Agricultural Resource Management Survey (ARMS) and other sector-level information. Read more »
In 1915, the first USDA Market News report was sent by telegraph, letting buyers and sellers across the country know the price of strawberries in Hammond, Louisiana. A century later, the impact of USDA Market News reports is clear. Through USDA Market News, AMS provides timely, reliable, unbiased data that serves as the information lifeline for America’s agricultural economy. Each year, AMS issues more than 250,000 reports that get more than 53 million views. (Click to enlarge)
Have you ever wondered how American farmers and businesses track the price of their commodities? Today, farmers, ranchers, and the entire agricultural supply chain turn to USDA Market News – administered by my agency, the Agricultural Marketing Service (AMS) – for timely, reliable, unbiased data that serves as the information lifeline for America’s agricultural economy.
But 100 years ago, everyone was in the dark about how much things cost. That’s why, in 1915, the first USDA Market News report was sent by telegraph, letting buyers and sellers across the country know the price of strawberries in Hammond, Louisiana. Read more »
The purpose of the program is to provide marketing information for cattle, swine, lamb, and livestock products that can be readily understood and utilized by producers. USDA Photo Courtesy of the National Organic Program.
The Livestock Mandatory Price Reporting (LMR) Program was established to expand pricing information available in the livestock industry. Part of USDA Market News data, the information is distributed by the Agricultural Marketing Service (AMS) and allows analysts to dive in head first and fulfill all of their number crunching ambitions.
The purpose of the program is to provide marketing information for cattle, swine, lamb, and livestock products that can be readily understood and utilized by producers. Livestock Mandatory Reporting encourages competition in the marketplace by vastly improving price and supply data, bringing transparency, breadth and depth to market reporting. The program gets its authority through the Livestock Mandatory Reporting Act of 1999, which must be reauthorized by Congress every five years. The program is up for reauthorization in September 2015. Read more »
USDA Market News is continuously changing to meet the needs of the dynamic agricultural industry and the data users that we serve.
Farmers, producers and other agricultural stakeholders depend on USDA Market News data to get the information they need when they need it. They use the data to evaluate market conditions and trends, make purchasing decisions, and assess movement of agricultural products across the globe. USDA Market News is continuously changing to meet the needs of the dynamic agricultural industry and the data users that we serve. Now they can enjoy an enhanced experience.
USDA’s Agricultural Marketing Service (AMS) has released an innovative version of the Market News Portal (website) with simplified navigation, giving users easier, more logical access to the wealth of timely and reliable data available to make better informed decisions – or to compete smarter. Read more »
On average, these polts will take 4 to 5 months to make weight. It takes a lot of natural resources, energy, labor, and love to raise the estimated 46 million turkeys that will be consumed this Thanksgiving. Show your appreciation by making sure you waste as little food as possible. Photo courtesy of USDA.
Thanksgiving is a time to appreciate all that is good in our lives and to spend it in the company of friends and family while enjoying great food. It is also a time to reflect on the bounty of our food supply. Each year, as I put away the leftovers from my Thanksgiving dinner, I marvel at the abundance.
I also can’t avoid pausing to consider how much food is wasted in this country.
USDA estimates that on average, American consumers waste about one-fifth of food that is available to them, equivalent to about $371 per person annually. That’s enough money to buy about 21 whole turkeys for each person in the country. Read more »
A water sample taken from the last wetland in a filtering system in use on a farm in Taylor County, Iowa. Wetlands and other conservation practices on agricultural land can improve water quality, and may allow producers the option of selling water quality credits in a water quality trading market. Photo Credit: NRCS
USDA has a long history of working with partners to meet the needs of America’s farmers, ranchers and forest landowners while striving to sustain the natural resources we rely on. American farmers produce food for the U.S. and the world, and also provide benefits for air, water and habitats through the adoption of conservation practices. In recent years, USDA has taken a more innovative approach to conservation by supporting the development of water quality trading markets.
Water quality trading can lower the costs of cleaning up waterways by allowing sources of pollutants with high costs of reducing pollution to purchase credits from others with lower costs. Often agricultural producers have relatively low costs of improving water quality, which makes farmers and ranchers prime candidates to generate water quality credits for sale. This offers the agricultural sector opportunities to improve the natural resource base and earn additional income through credit sales. Read more »