Pressure on farms is projected to increase as prices fall

7 months 3 hours 16 minutes ago Tuesday, March 21 2017 Mar 21, 2017 Tuesday, March 21, 2017 3:46:00 PM CDT March 21, 2017 in News
By: Shanna Grove, KOMU 8 Reporter
loading

FULTON – Net farm income could fall for the fourth year in 2017, according to the Food and Agricultural Policy Research Institute with the University of Missouri.

“Prices for corn, wheat, soy, beans, cattle, hogs, most commodities across the board have been falling in the past few years because of the large production we’ve been having,” said program leader Scott Gerlt.

The group released a new report showing record U.S. yields and world production resulted in further declines in corn, wheat and many other crop prices.

“Anytime our product that we raise is worth less, that makes it harder to keep our operations running,” said Jeff Jones, owner and operator of Jones Angus Farms.

Meat prices have also come down. The report says cattle, chicken, hog, and milk prices have declined sharply since 2014.

The report says, “Even with a modest recovery in farm income in 2018 and beyond, pressure on farm finances is expected to continue.”

Gerlt said most farms are not in crisis mode yet, but might have to close down if the trend continues over the next five years.

“The number one sector of Missouri economically is agriculture, so what happens in agriculture in Missouri affects everyone to some degree,” Gerlt said.

According to the report, food price inflation was 0.3 percent in 2016, but is projected to reach 1.7 percent in 2017.

More News

Grid
List
COLUMBIA - Boone and Callaway County has a new circuit judge. Judge J. Hasbrouck “Brouck” Jacobs will preside over... More >>
21 minutes ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 8:04:00 PM CDT October 20, 2017 in News
COLUMBIA - Mid-Missouri high school football teams are kicking off the final week of Friday Night Fever. In our FNF... More >>
1 hour ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 6:51:00 PM CDT October 20, 2017 in Continuous News
COLUMBIA - Fight for the First documentary was shown at the Missouri theatre for donors and students Friday. The film... More >>
1 hour ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 6:32:00 PM CDT October 20, 2017 in News
COLUMBIA - Below are scores from the last week of the high school football season. Final scores will be in... More >>
1 hour ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 6:27:00 PM CDT October 20, 2017 in News
ST. LOUIS (AP) — A Nigerian citizen living in St. Louis has been sentenced to six and a half years... More >>
2 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 6:01:00 PM CDT October 20, 2017 in News
COLUMBIA - #MeToo started as a tweet and turned into an international discussion on sexual harassment. Columbia resident Macy... More >>
2 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 5:52:00 PM CDT October 20, 2017 in News
COLUMBIA - Columbia is attracting attention for its innovation in collegiate eSports. From having the first varsity collegiate all-woman eSports... More >>
4 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 3:45:00 PM CDT October 20, 2017 in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens says the state no longer will make children in foster care pay... More >>
5 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 3:22:00 PM CDT October 20, 2017 in News
MEXICO – A former teacher pleaded guilty Friday to two counts of sexual contact with a student. Robert Cortez,... More >>
5 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 3:04:00 PM CDT October 20, 2017 in News
ASHLAND - Namaste Health Care alerted 1,600 patients to a security breach that happened the weekend of Aug. 12-13. A... More >>
5 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 2:44:00 PM CDT October 20, 2017 in News
JEFFERSON CITY – Jefferson City Mayor Carrie Tergin announced that October 20 th would be recognized every year as Buckle... More >>
5 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 2:42:00 PM CDT October 20, 2017 in News
COLUMBIA - The city of Columbia received a perfect score on the Human Rights Campaign's Municipal Equality Index, city officials... More >>
6 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 2:10:00 PM CDT October 20, 2017 in News
COLUMBIA - Volunteers from the city and community spent the day picking up litter, clearing branches and cleaning sidewalks in... More >>
6 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 1:55:00 PM CDT October 20, 2017 in News
GREENSBURG, Pa. (AP) — A Pennsylvania man has been jailed on charges he sold heroin in the hospital maternity ward... More >>
6 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 1:48:59 PM CDT October 20, 2017 in News
KANSAS CITY (AP) — A jazz museum that's plagued by operating losses and bounced checks to musicians could be headed... More >>
7 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 12:39:06 PM CDT October 20, 2017 in News
KANSAS CITY (AP) — Relatives of man who died at the Hutchinson Correctional Facility are alleging that a fungus infected... More >>
9 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 10:55:00 AM CDT October 20, 2017 in News
CALLAWAY COUNTY - A 21-year-old man faces a handful of charges for allegedly stealing from a church and also stealing... More >>
9 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 10:47:00 AM CDT October 20, 2017 in News
COLUMBIA - Two felons from Columbia were charged in federal court with illegally having guns and ammunition. Ladame Smith... More >>
10 hours ago Friday, October 20 2017 Oct 20, 2017 Friday, October 20, 2017 10:19:00 AM CDT October 20, 2017 in News
Columbia, MO
Broken Clouds 67°
9pm 64°
10pm 63°
11pm 65°
12am 64°

Select a station to view its upcoming schedule:

Coming Up Next

8:00p
Dateline NBC
10:00p
KOMU 8 News @ 10
10:35p
The Tonight Show Starring Jimmy Fallon
8:00p
Jane the Virgin
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld

Tonight's Schedule

7:00p
Law & Order True Crime: The Menendez Murders
8:00p
Dateline NBC
7:00p
Crazy Ex-Girlfriend
8:00p
Jane the Virgin
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld