The House Agriculture Committee will hold a hearing on Thursday to Review the State of the Rural Economy. This is an annual hearing, and the sole witness will be Agriculture Secretary Vilsack. According to USDA, net farm income in 2021 was $116.3 billion. That is the highest since 2013 and almost double farm income in 2016.
The increase in farm income was mostly driven by prices. Of course, there are two drivers of gross farm cash receipts: the price of commodities and the volume of commodities. Holding volumes constant from 2020 to 2021 and accounting for only price increases results in increased income of $63.3 billion. Holding prices constant from 2020 to 2021 and accounting for only volumes results in $0.2 bi...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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