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2024 Agricultural Commodity Prices and Market Outlook 

Trimble Agriculture

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
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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 110
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The 2023 Agricultural Year in Review

Agricultural Economics Insights

bushels per acre, the USDA December estimate pegs the corn crop 6.7 June Acreage Surprise Perhaps the biggest story in the grain market was the June acreage report, which revealed the low soybean/corn price ratio in late 2022 did its job of motivating producers to plant corn. Corn Yield Again Below Trend At 174.9 2018 was 5.2