Farmer Optimism Drops While Farm Stress Can’t be Ignored

first_img Previous articleDisaster Aid Comes Up Short in the SenateNext articlePerdue at Purdue: Shutting Down the Southern Border Andy Eubank SHARE Farmer Optimism Drops While Farm Stress Can’t be Ignored Home Indiana Agriculture News Farmer Optimism Drops While Farm Stress Can’t be Ignored March-Ag-Barometer-dropsFarm financial stress may be playing a role in the drop in the newest Purdue University and CME Group Ag Economy Barometer. The March report just released went three points lower, based on sentiment of the 400 U.S. agricultural producers who were surveyed. Twenty percent of those surveyed said they expect their farm’s performance to be “worse than” in 2018, and fifty-two percent are less optimistic about their farm’s financial future compared to a year earlier.Jim Mintert from the Purdue Center for Commercial Agriculture, and the principal investigator for the barometer, explains how they identified the stress factor.“To learn more about the level of financial stress that exists in the U.S. ag sector, we asked farmers whether or not they expected the size of their operating loan in 2019 to be about the same, larger than or smaller than what it was in 2018, and twenty-two percent of them said they expected to have a larger operating loan in 2019.”Mintert said they then asked those who expected to have a larger operating loan what the reason was.“Twenty-one percent of them said it was because they were carrying over unpaid operating debt from prior years,” he said. “We asked these same two questions in January and the responses were quite similar. The result is an implication that about 5 to perhaps 7 percent of U.S. farms are suffering from some financial stress, using that unpaid operating debt being carried over into the current years as a measure of stress.”There was optimism about the future of agriculture exports. Only 8 percent of producers in the March survey said they expect agriculture exports to decrease in the next 5 years while 68 percent expect exports to increase, which was the most optimistic perspective on agricultural exports provided by farmers since the Purdue researchers began posing questions on exports in May 2017. With respect to the trade dispute with China, 77 percent of producers were confident that it will be resolved in a way that benefits U.S. agriculture; however, less than half expect the trade situation with China to be resolved before July 1.The barometer’s Index of Future Expectations dropped 6 points to 139 and the Index of Current Conditions remained relatively unchanged at 120.Read the full March Ag Economy Barometer report at https://purdue.edu/agbarometer. The report includes insights into producers’ attitudes toward farmland values and making large farm investments. The site also offers additional resources, such as past reports, charts and survey methodology, and a form to sign up for monthly barometer email updates and webinars. Each month Dr. Mintert also provides an in-depth analysis of the barometer. See it at https://purdue.ag/barometervideo. Facebook Twitter By Andy Eubank – Apr 2, 2019 SHARE Facebook Twitterlast_img read more

Read More →

Kaitaia rent to own scheme touted as solution to housing crisis

first_imgMs Tata-Te Hira, the single mother of six is one of 18 homeless families that have moved into the village and are on track to owning their own home. He Korowai Trust is taking state houses set for demolition and using them to house those in need. Hayleigh Tata-Te Hira lived in a car for four months before moving into the site in the Northland town. “It’s an opportunity for people to break free of the shackles of state housing dependence and hop onto home ownership,” said Ms Tata-Te Hira.center_img TVNZ One News 28 October 2019Family First Comment: This is a great scheme which gives families the benefits of home ownership. But here’s the best bit (and explains why these families will succeed).. “The community is drug and alcohol free and has social support services, including addiction support, childcare and a trade school.” Yes – drug free! Someone tell the Drug Foundation and Chloe that it works.A Kaitaia housing project that sees homeless families rent to own their own home is being touted as a solution the housing crisis. Ricky Houghton rescued the former state houses from Auckland that were set for demolition and brought them to Kaitaia to set up the community four years ago.The community is drug and alcohol free and has social support services, including addiction support, childcare and a trade school.READ MORE: https://www.tvnz.co.nz/one-news/new-zealand/kaitaia-rent-own-scheme-touted-solution-housing-crisislast_img read more

Read More →