2024 Agricultural Commodity Prices and Market Outlook
Trimble Agriculture
JANUARY 17, 2024
Lower agricultural commodity prices are contributing to a decline in net farm income in 2024. This, combined with higher input costs, fewer government payments, and rising interest rates, is leading to a drop in net farm income. In 2024, net farm income is predicted to follow a similar pattern of decline. per bushel in 2023/24.
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