Farm Bureau: USDA Revises Farm Income Higher, but Costs Still Bite

USDA's September 2026 net farm income forecast, released Sept. 3, projects that net farm income, a broad measure of farm sector profitability, will decline to $158.4 billion in 2026. That is $4.3 billion, or 2.6%, below the newly revised 2025 estimate of approximately $162.7 billion. After adjusting for inflation, the decline becomes considerably larger at $9.1 billion, or 5.5%.

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Prevailing World Prices and Loan Deficiency Payment Rates

The Department of Agriculture's Commodity Credit Corporation today announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2026 crop, which will become effective today at 7:00 a.m., Eastern Time (ET).

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RiceAllie Shipley
2026 Mid-Year Farm Financial Condition Update

Entering the second half of 2026, a new farm financial snapshot points to the continued financial challenges facing Southern agriculture, particularly among crop producers. The findings are based on a semi-annual survey conducted by the Mississippi State University Extension. Survey respondents included producers, professional farm managers, land appraisers, commercial bankers, Farm Credit System lenders, and USDA Farm Service Agency personnel operating in Mississippi, Arkansas, Louisiana, Tennessee, and neighboring states.

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Allie Shipley
Economics of Backgrounding Calves on Winter Forage in 2026

As fall approaches and spring-born calves are being weaned, many cattle producers are evaluating whether those calves should be sold at weaning or retained and backgrounded on winter forage before being marketed at heavier weights. Likewise, producers operating stocker enterprises are determining whether current market conditions justify purchasing lightweight calves for winter grazing programs. One factor complicating these decisions in 2026 is the continued drought affecting many areas of Louisiana. For some producers, the ability to successfully establish winter forage may ultimately determine whether backgrounding is even feasible.

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Keeping Local Beef Local

On a farm in Rapides Parish, the next generation is already learning the family business.

Robert and Rachel Duncan's three young daughters follow their parents through soybean fields, check cattle and find plenty of ways to get their hands dirty.

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Allie Shipleytailgates
The Farmers Behind the Rice on Your Table

Before rice makes it onto a dinner plate, it spends months growing beneath a Louisiana sky, dependent on weather, water, markets and the people who work the fields.

For Gerard Frey and Garrett Cormier, it is also the center of a life they have chosen to build around family, hard work and the land.

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Karl Wiggerstailgates