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Missouri farm net income projected to decrease in 2023
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The net income for Missouri farms is predicted to fall this year, according to a spring 2023 report by the Rural and Farm Finance Policy Analysis Center at MU.
The year 2022 saw a record high for the state in agriculture, which was attributed to high commodity prices and the top seven crops in Missouri expanding 270,000 acres that year, according to the report.
Despite this, experts from the center warned about an expected decline in these numbers for 2023 in the 2022 report. They have now officially projected it in the latest report.
Missouri farm income is projected to decrease $546 million in the coming year, leveling out with the 2011-2014 averages. The state’s agriculture sector still fares better than the national numbers, with a 14% decrease in the state’s farm income comparing to a 19% decrease on a national scale.
What’s to blame for this drop?
The analysis center believes it might be due to the widespread drought impacting cattle inventory. It also reported that crop and livestock receipts — which record the revenue received by farmers — are expected to decline $832 million.
The center’s analysis says production expenses are believed to be a factor in the drop in income following changes in export restrictions, high natural gas prices and production disruptions.
The cost of feed has increased $815 million from 2020 to 2022, and fuel and oil expenses increased $184 million. In this same time, the cost of fertilizer rose $960 million. However, 2023 production expenses are predicted to increase by 2% or $236 million.
As for why these numbers are important to understand, “RaFF’s state-level insights are critical for decision-makers,” Scott Brown, interim director of the center, said in a Tuesday news release from MU. “By understanding how farmers’ and rural communities’ incomes are impacted by various factors, these individuals can be equipped with insights for program and policy discussions.”
This story originally appeared in the Columbia Missourian. It can be republished in print or online.
Missouri Independent is part of States Newsroom, a network of news bureaus supported by grants and a coalition of donors as a 501c(3) public charity. Missouri Independent maintains editorial independence. Contact Editor Jason Hancock for questions: info@missouriindependent.com. Follow Missouri Independent on Facebook and Twitter.
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JEFFERSON COUNTY, Mo. – Two people are behind bars after a man reportedly attacked a Jefferson County deputy with a screwdriver during an attempted arrest over the weekend.
Prosecutors have charged Nicholas Davis, 47, and Amanda Davis, 45, of Dittmer, Missouri, with felonies in the investigation.
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The alleged attack followed a traffic stop of a driver in the 9500 block of Jones Creek Road on July 7, though the driver was not Nicholas or Amanda.
According to court documents obtained by FOX 2, Nicholas reportedly came out of his nearby home, yelled at a deputy and started approaching him while holding a screwdriver. The deputy initially ordered Nicholas to back away, then used pepper spray.
Per court documents, the deputy attempted to arrest Nicholas, who then struck him in the chest with the screwdriver. Amanda reportedly approached the deputy and pulled him away from Nicholas before both ran inside their home.
The Jefferson County Sheriff’s Office says the situation prompted an hours-long standoff involving negotiators, a SWAT team and a K-9 deputy. The situation led to Nicholas refusing warnings and being bitten by a K-9.
Nicholas and Amanda are both jailed in the Jefferson County Jail without bond. Nicholas is charged with first-degree assault on a special victim and armed criminal action. Amanda is charged with resisting/interfering with arrest.
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ST. LOUIS — The new St. Louis schools superintendent will be officially sworn into office today. Dr. Keisha Scarlett took over the job in July after the retirement of Dr. Kelvin Adams. She was assistant superintendent in the Seattle Public School District. The installation ceremony is at 6:15 p.m. before the regular school board meeting.
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ST. LOUIS — A gasoline tanker truck crashed into a Metro transit center near Riverview and Hall Streets early Tuesday morning and knocked over a power pole. The pole is leaning on other power lines. Police have the area blocked off here because there is a downed power line. Ameren and Metro crews are also on the scene.
The incident happened around 12:30 a.m. It’s still unclear exactly what caused the crash, but we do that there was a second vehicle somehow involved. The airbags on that second vehicle did deploy.
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Police at the scene have not been able to give us a lot of details. Metro officials tell FOX 2 that the transit center here is operating this morning for passengers and buses. Access to certain areas will be limited here as clean up unfolds.
A Metro spokesperson says half of the station isn’t being used right now because of safety issues. It isn’t impacting overall bus operations, everything is just happening on the other side of transit center.
The extent of the damage to the actual transit center is still unclear, but I’m told it does not appear to be extreme. A Metro spokesperson tells me there were no injuries to any metro workers or passengers. The tanker driver also was not injured.
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