Farmers are planning for the 2020 crop. Leeds, North Dakota farmer Eric Jorgenson says despite some challenges, the outlook for dry beans remains positive. Get the details in the latest Dry Bean Scene from the Northarvest Bean Growers Association on the Red River Farm Network.
USDA is forecasting 2020 net farm income to increase 3.3 percent compared to 2019. Net farm income is expected to hit $96.7 billion in 2020, an increase of $3.1 billion compared to 2019. However, USDA expects 2020 net cash farm income to be down nine percent to $109.6 billion. Total direct government payments to the farm are expected to decrease $8.7 billion in 2020 to $14.98 billion. View the report here.
The U.S. Senate approved the Agriculture Appropriations Bill for Fiscal Year 2020. North Dakota Senator John Hoeven, who chairs the Senate Agriculture Appropriations Committee, says the legislation makes sure farmers have access to risk management tools and capital. Funds for implementing the 2018 Farm Bill are a part of the bill. Also included is support for crop insurance and direct, guaranteed and emergency loans.
Northarvest Bean Grower – Our Mission:
NHBGA, growers representing growers through the check-off system, is North America’s largest supplier of quality dry beans. Working together to better the industry through promotion, research, market development, education of consumers and monitoring of governmental policy. Our future goals must be continued market exposure and careful monitoring of new ideas, consumer choices, and producer needs.
50072 E. Lake Seven Road, Frazee, MN 56544