The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
The 2017 Census of Agriculture released Thursday shows the amount of total land devoted to agricultural use continues to decline in the U.S. and the number of farms is declining.
According to the U.S. Department of Agriculture, there were 2.04 million farms and ranches in the U.S. in 2017, down more than 3% from 2012. It said the land devoted to agriculture declined by about 2% to 900.2 million acres from 914.5 million acres in 2012.
"We had really high levels of acreage in the 1980s, and then we ended up putting away 25 million to 30 million acres into the Conservation Reserve Program," said Joseph Glauber, a senior research fellow at the International Food Policy Research Institute and a former chief economist at the USDA.
The census shows the average size of farms in 2017 was 441 acres, slightly above 434 acres in the 2012 census. The report indicated 96% of farms and ranches in the nation are family-owned.
Also it shows there were about 273,000 small farms, of 1-9 acres, in 2017, representing just 0.1% of all farmland in the U.S. It added that 85,127 large farms, of 2,000 or more acres, made up nearly 60% of total farmland.
There were 76,865 farms making $1 million or above in 2017 and another 1.56 million operations generating under $50,000. Out of the total value of production of $389 billion in 2017, two-thirds of it came from farms making $1 million or more.
Finally, the average age of agriculture producers was 57.5 in 2012, up 1.2 years from 2012. The latest census also indicated 36% of all producers are female.