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

SEPTEMBER 20, 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. But in 2023, that number is predicted to fall 22 percent. Livestock and Poultry: +17.9%

Farming 105

Farming Farming Net Farm Income Poultry 105

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

million acres of U.S. million acres). In comparison, China owns 347,000 acres. Cropland Pastureland Most expensive cropland per acre New Jersey: $18,100 California: $15,880 Iowa: $10,100 Illinois: $9,580 Delaware: $9,500 Highest percentage increase in cropland price year-over-year Kansas: 16.6% agricultural land.

Farmland 59

Farmland Marketing Pasture Acre 59

National Sustainable Agriculture Coalition

MAY 10, 2024

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

Ruralism Food Farming Farming 110

Agricultural Economics Insights

DECEMBER 17, 2023

bushels per acre, the USDA December estimate pegs the corn crop 6.7 From a budget perspective, corn fertilizer expenses were more than $270 per acre in 2022 and $202 for the 2023 planted crop, and they have fallen to $150 per acre this Fall. To wrap up this list positively, farm incomes in 2023 remained historically high.

Agriculture 122

Agriculture Agriculture Farmland Yield 122

Agwired

JANUARY 10, 2025

Despite the pressures created by lower net farm income, declining commodity markets, higher interest rates and increased input costs, land values have remained quite stable across the Midwest. There are more motivated land buyers in todays market than there are willing sellers, according to Farmers National Company.

Net Farm Income 45

Net Farm Income Marketing Agriculture Agriculture 45