Insights and Stories on Farm Income

Jun. 19, 2019 at 11:52 am CDT

Winnipeg/Ottawa | Reuters — For years, the financial stability of Canadian farmers was the envy of their U.S. counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines. Net incomes plunged last year, and that setback was followed in March by China’s halting purchases of […]

By Kelsey Johnson, Rod Nickel

May. 15, 2019 at 4:19 pm CDT

Washington | Reuters — The Trump administration’s second package of aid for U.S. farmers hit by the trade war with China is expected to have a similar structure to last year’s program, using direct payments and commodity purchases, industry sources briefed on the plan said. The U.S. Department of Agriculture […]

By Chris Prentice, Humeyra Pamuk

Jun. 18, 2018 at 9:12 pm CDT

Chicago | Reuters — President Donald Trump’s tariff battle with key buyers of U.S. apples, soybeans and corn threatens the support of some of his biggest backers — U.S. farmers now seeing their livelihoods in jeopardy. Farmers overwhelmingly supported Trump in the 2016 election, welcoming how he championed rural economies […]

By Mark Weinraub

May. 8, 2017 at 7:47 pm CDT

Changes to federal tax law that were meant to block “multiplication” of the small business deduction for corporations won’t apply to farmers’ sales to co-operatives. The federal government on Friday released draft amendments to the Income Tax Act, which would allow qualifying farmers and fishers selling to agricultural and fisheries […]

By Staff

Sep. 7, 2016 at 12:24 pm CDT

Reuters — Canadian farmers’ debt will likely reach another record high this year, while land appreciation slows and incomes flatten, but the industry is still in strong financial shape, the country’s biggest agriculture lender, Farm Credit Canada, forecast on Tuesday. FCC, the federal Crown ag lending agency, sounded a note […]

By Reuters