Farm Income to Fall Amid Rising Food Prices

While America’s families continue to deal with record-high grocery prices, farm families can expect to see a drop in income in 2023. American Farm Bureau Federation economists analyzed USDA’s Farm Sector Income Forecast in their latest Market Intel report. U.S. net farm income is forecast to fall almost 16% from last year, while costs are expected to increase more than 4%, on top of a record increase in production expenses last year.

Increased operating costs, lower prices for livestock and crops, and the end of pandemic-related assistance are among...

Farm Bureau: Thanksgiving Dinner Cost Up 20%

Farm Bureau's 37th annual survey reveals the average cost of this year's classic Thanksgiving feast for 10 is $64.05, less than $6.50 per person. This is a $10.74 or 20% increase from last year's average of $53.31.

The centerpiece on most Thanksgiving tables – the turkey – costs more than last year, at $28.96 for a 16-pound bird. That's $1.81 per pound, up 21% from last year, due to several factors beyond general inflation. Farm Bureau "volunteer shoppers" checked prices Oct. 18-31, before most grocery store chains... 

Farm Bureau, NPPC Present Prop 12 Arguments in Supreme Court

The American Farm Bureau Federation and National Pork Producers Council presented oral arguments before the U.S. Supreme Court Tuesday. Micheal Clements shares more on the case that goes back to 2018.

Clements: Farm Bureau and the National Pork Producers Council challenged California’s Proposition 12 in the Supreme Court Tuesday. The case involves a law passed in 2018 that bans the sale of pork from hogs that don’t meet the state’s arbitrary production standards, even if the hogs were raised outside of California. AFBF Deputy General Counsel Travis Cushman says the...