Trimble Agriculture

SEPTEMBER 20, 2023

After a record high in 2022, farm income is anticipated to decline by 22 percent in 2023. In 2022, landowners experienced record high farm income, with net farm income reaching $183 billion. Net Farm Income and Cash Farmer Income, Inflation Adjusted (billion dollars) Note: F = forecast.

Farming 105

Farming Farming Net Farm Income Poultry 105

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.

Marketing 104

Marketing Net Farm Income Agriculture Agriculture 104

Trimble Agriculture

NOVEMBER 22, 2023

As COVID-era funding runs out and input costs continue to rise, farm income is expected to fall 22 percent in 2023. Even so, it’s important to understand that farm liquidity remains strong and net farm income will still remain well above the 10-year average. billion to $140.4 in the Corn Belt.

Farmland 69

Farmland Marketing Net Farm Income Real Estate 69

Trimble Agriculture

NOVEMBER 15, 2023

Historically, farm values have held steady in the face of economic turbulence, making them an effective risk management tool during market fluctuation. farms are family-owned. million acres of U.S. million acres). In comparison, China owns 347,000 acres. Who Owns U.S. is owned by mega-corporations. Nebraska: 13.8%

Farmland 59

Farmland Marketing Pasture Acre 59

National Sustainable Agriculture Coalition

MAY 10, 2024

On May 1, 2024 – after months of stalled farm bill negotiations on both sides of Capitol Hill – Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) released a detailed section-by-section summary of her farm bill proposal. Strengthening the Farm and Food System Workforce (Sec. 11205, 12201).

Ruralism 110

Ruralism Food Farming Farming 110

Agricultural Economics Insights

DECEMBER 17, 2023

It’s hard to know if these issues were the cause, but there was no new farm bill. Once it became clear a new, five-year bill wasn’t even close, the 2018 Farm Bill got a one-year extension. bushels per acre, the USDA December estimate pegs the corn crop 6.7 Better luck next year? Corn Yield Again Below Trend At 174.9 2018 was 5.2

Agriculture 122

Agriculture Agriculture Farmland Yield 122

Agwired

JANUARY 10, 2025

On December 18, 2024, the Specialty Crop Farm Bill Alliance sent a letter to the bipartisan leadership of the House and Senate Agricultural Committees requesting additional economic assistance for specialty crop producers. HB 4439 recognizes the importance of soybeans to the states economy and agricultural heritage. Illinois is the No.

Net Farm Income 45

Net Farm Income Marketing Agriculture Agriculture 45