Today is the day for Southern Piedmont growers in North and South Carolina to learn the latest in grain sorghum production at a production meeting at the Union County Extension office in Monroe. Growers from Union, Stanly, Anson, Montgomery, Moore and Richmond counties in North Carolina and Chesterfield, Kershaw, Marlboro, Darlington & Lancaster counties in South Carolina. Row crop specialist and area agronomist from North Carolina as well as agronomy agents from Clemson and agronomist from Murphy-Brown are scheduled to speak on grain sorghum production in the southern Piedmont. The meeting gets underway at 10:00 am. For more information visit our calendar.
Farm Income Projections, 10-Year Outlook
The U.S. Department of Agriculture recently released its latest forecast for this year’s farm income. For net cash income – which is cash receipts plus government and other payments minus other payments – USDA Chief Economist Joe Glauber says the department anticipates it will fall to 123.5-billion. Even though this year’s cash receipts are expected to be close to last year’s – expenses – such as feed, land and labor costs – are expected to increase. However – Glauber says net farm income – which is cash plus the value of inventories minus expenses – will be a different scenario due to bigger crops…
“The change in that inventory gets added into the net farm income and net farm income will be a record in 2013 at 128.2 billion.”
USDA Analyst David Stallings – and Coordinator of the new 10-year outlook – says there’s a pretty good scenario for growth in the agriculture sector – especially in farm exports and demand. However – Stallings says farm income may not grow…
“For next year, we see a fall from these extremely high commodity prices. We do see a rapid decline in farm income, down to about 97 billion dollars.”
That’s a 30-billion dollar drop – and Stallings says USDA expects it will remain at that level – with some ups and downs – for the remainder of the projections period – through 2022.
Farm Income and Input Costs Projected
Farm income is projected to be $97 billion, down from over $127 billion this year until 2022. USDA analyst David Stallings says input costs are projected to be steady to smaller:
“Reductions in planted acreage because of the lower prices over the next ten years. What that will do is lower fertilizer expenses, meaning farm expenses will not increase more than the rate of inflation. We will continue with farm income being fairly steady and input costs being reasonably steady over the projection period.”
Commissioner’s BBQ Cookoff Calling for Entries
Do you think you’ve got what it takes to win the Commissioners Cup State Championship BBQ Cook Off? If you’re a backyard barbecue warrior, or a professional that hits the barbecue circuit, then now is the time to sign up for the South Carolina Department of Agriculture’s Smokin’ at the Market Commissioners Cup BBQ Cook Off. The competition is March 22-23 at the State Farmers Market in West Columbia.
The categories for the Commissioners Cup include: Anything Butt, Butts, Pork Ribs, Grand Champion, and Reserve Champion. South Carolina Commissioner of Agriculture Hugh Weathers will present the awards on Saturday afternoon of the event. The cook off is sanctioned by the Southern BBQ Network.