Remove Acre Remove Farmland Remove Net Farm Income
article thumbnail

U.S. Farmland Market Outlook for 2024 

Trimble Agriculture

farmland market has remained remarkably resilient for the last several decades—but will it last? As COVID-era funding runs out and input costs continue to rise, farm income is expected to fall 22 percent in 2023. Net Farm Income After a record-breaking high in 2022, net farm income is expected to fall a total of $41.7

article thumbnail

Understanding Historical Farmland Market Trends 

Trimble Agriculture

The farmland market is an important indicator of an operation’s financial strength. For farmers who own their land, farmland makes up more than 80 percent of their total assets. Historically, farm values have held steady in the face of economic turbulence, making them an effective risk management tool during market fluctuation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Deep Dive on the Senate’s Farm Bill Proposal: the Rural Prosperity and Food Security Act of 2024

National Sustainable Agriculture Coalition

As with all programs, NSAC will continue to analyze the RPFSA’s CSP provisions, including a proposed one-time CSP subprogram focused on enrollment of up to 500,000 acres of native or improved pasture land used for livestock grazing in the Lower Mississippi River Valley to address water quality issues leading to hypoxia in the Gulf of Mexico.

Ruralism 111
article thumbnail

The 2023 Agricultural Year in Review

Agricultural Economics Insights

bushels per acre, the USDA December estimate pegs the corn crop 6.7 While ag exports will still benefit from rising Chinese incomes, India (formerly and perhaps soon-to-be known as Bharat ) may soon become the most populated country. To wrap up this list positively, farm incomes in 2023 remained historically high.