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Projections for the third-lowest net farm income in the last decade, record nominal agricultural debt, rising debt-to-asset ratios and interest rates, and continued headwinds for agricultural commodity prices had many anticipating an increase in farm bankruptcies in 2018. However, that is not currently the case. Caseload statistics from the United States Courts indicate that for the 2018 fiscal year, which ended Sept. 30, there were 468 Chapter 12 bankruptcy filings, down 8 percent, or 40 filings, from the prior year. Filings in fiscal year 2018 were down from prior-year levels but were approximately 25 percent higher than in 2014.
Author: AFBA
Posted: November 17, 2018, 1:03 am
A survey by the American Farm Bureau Federation shows a classic Thanksgiving Day Dinner will cost slightly less this year. Micheal Clements reports.
Author: AFBA
Posted: November 16, 2018, 1:41 am
American Farm Bureau Federation’s 33rd annual price survey of the classic Thanksgiving dinner – including turkey, stuffing, pumpkin pie and all the fixings -- revealed an average cost for a family of 10 was $48.90, less than $5 per person and down less than 1 percent from prior-year levels.
Author: AFBA
Posted: November 16, 2018, 1:37 am

IFB News

FarmWeek General News

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Keep equipment running with fuel testing, storage tank maintenance.
Posted: November 17, 2018, 1:00 am
Your recap of some of the week's top stories in the audio version of IFB's Leader Page.
Posted: November 16, 2018, 4:00 pm
IDNR official optimistic that cold weather will slow spread of EHD.
Posted: November 16, 2018, 12:56 am

 

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