Dipak Subedi

1 month ago | ers.usda.gov | Carrie Litkowski |Anil Giri |Dipak Subedi |Tia M. McDonald

The Coronavirus (COVID-19) pandemic and its associated economic effects had implications for U.S. farms, the households that operate them, and the value of the land being farmed. Farm operations received record-level direct Government payments in 2020 largely due to financial assistance from COVID-19-related programs. Farm households, many of which rely on off-farm employment to supplement their total household income, were susceptible to higher nonfarm unemployment rates in 2020.

Jul 2, 2024 | ers.usda.gov | Anil Giri |Dipak Subedi

Highlights: Debt has grown in the farm sector, reaching more than half a trillion dollars in 2023. Producers rely on numerous lenders, including the USDA, Farm Service Agency (FSA), to provide the financing needed to start, expand, or maintain a family farm. This authority is provided in the Farm Bill. Although debt has increased, assets also have increased, thereby improving the solvency of large, midsize, and small farms in 2022.

Jun 3, 2024 | ers.usda.gov | Dipak Subedi |Anil Giri

The short-term Federal funds rate, which impacts the interest rate of other loans, has been increasing since March 2022. The rate can disproportionately affect demand for different types of loans, as well as the choice of the lender for different farm sizes. This report examines farm debt by lenders, as well as other attributes, such as the use of different loan types (real estate and non-real estate) among different types of farm businesses.

Jan 3, 2024 | farmtalknews.com | Anil Giri |Carrie Litkowski |Dipak Subedi |Tia M. McDonald

In early 2020, the U.S. farm sector appeared to be on track for steady financial performance for the year. In February 2020, USDA, Economic Research Service (ERS) forecast net farm income would rise slightly that year from 2019 and net cash income would decrease to slightly below its long-run average (2000–18) in inflation-adjusted dollars.

Dec 11, 2023 | ers.usda.gov | Noah Miller |Anil Giri |Dipak Subedi

Among the disruptions from the Coronavirus (COVID-19) pandemic in early 2020 were reduced demand for food because of lockdowns, interruptions in meat supply chains after plant closures, and breaks in normal shipping patterns. Those events led to sharp declines in agricultural commodity prices. To help U.S. farmers mitigate the effects of lower commodity prices, Congress created the Coronavirus Food Assistance Program.