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Japanese Economy, Trade and Industry Minister Yoji Muto: The online meeting with US counterparts was held before the tariffs were announced.Japanese Minister of Economy, Trade and Industry Yoji Muto: We have told the United States that tariff measures may hinder Japanese companies investment in the United States.Japanese Economy, Trade and Industry Minister Yoji Muto: We will consider various options to determine what is best for Japan.Japanese Minister of Economy, Trade and Industry Yoji Muto: We have told the United States that the tariff measures will be detrimental to both Japan and the United States.On April 3, Morningstar Information (MORN.N) released its 2024 financial report. The companys full-year revenue in 2024 was US$2.3 billion, an increase of 11.6% over the previous year; consolidated operating profit reached US$484.8 million, a year-on-year increase of 110.2%; cash flow from operating activities was US$591.6 million, a year-on-year increase of 87.0%; free cash flow reached US$448.9 million, a year-on-year increase of 127.5%. In terms of business, credit business is the main driving force for the companys revenue growth, achieving a 35.1% increase, and the adjusted operating profit margin rose to 26%, an increase of 15.9 percentage points over the previous year. In addition, in 2024, the companys investment management and consulting assets increased by 12.3% and 19.7% respectively over the previous year. At the same time, the companys investment advisory accounts achieved double-digit growth in 2024.

In 2023, U.S. Farm Revenues May Fall After Reaching Historic Highs

Haiden Holmes

Feb 08, 2023 14:23

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The U.S. Department of Agriculture stated on Tuesday that farm earnings are likely to decline for the first time since 2019 due to increasing production costs, a decrease in direct government subsidies, and a decline in cash prices for commodities crops and livestock.


The agency predicts that net farm income, a broad gauge of profitability in the agricultural economy, will reach $136.9 billion in nominal terms in 2023, down roughly 16% from the previous year.


According to the government, the decline follows a net farm income peak of $162.7 billion in nominal dollars in 2022 and $140.9 billion in 2021.


In 2023, net farm income is anticipated to decrease by $30.5 billion, or 18.2%, when adjusted for inflation.


As farm revenues decline and expenses grow, according to economists, producers may be more hesitant to try increasing their crop production operations or spending more on machinery or land during periods of low global grain supplies.


According to the agency, a significant portion of the income pressure in the agricultural sector resulted from decreased commodity prices, particularly corn and soybeans, which more than offset rising sales volumes.


The USDA also reported price declines for dairy, pork, broilers, and chicken eggs sold by farmers. In 2023, monetary receipts from cattle are anticipated to stay generally steady.


Inflation-adjusted dollars, the net agricultural income is estimated to be roughly 27% more than the 20-year average, according to the USDA.


Overall production costs are predicted to climb 4.1% in nominal dollars, according to the USDA. Interest expenses on operations and real estate loans, as well as livestock and poultry purchases, are anticipated to climb the most.


The ministry claimed that expenses for fertilizer, fuel, and animal feed are projected to decrease.


Carrie Litkowski, an economist with the USDA Economic Research Service, predicts that while farm sector debt will continue to rise, so will agricultural equity, primarily due to increased land and equipment values.


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