Remove Agriculture Remove Livestock Remove Net Farm Income
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Misused farm income data threatens need for strong safety net

Western FarmPress

USDA's Net Farm Income data is misused and abused. Significant losses in crop agriculture are being masked by the recent boom in profitability of livestock operations.

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Farm Income News: Net Farm Income Falls Below the 10-Year Average 

Trimble Agriculture

This is the largest year-over-year decline in income the agriculture sector has ever seen. If realized, net farm income would fall to $116.1 In this article, we’ll dig into what factors are influencing farm income in 2024 and what farmers can do to weather it. billion in 2024. billion in 2024.

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Report Recap: Four Factors Impacting Farm Income in 2023 

Trimble Agriculture

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. Livestock and Poultry: +17.9% percent in 2023 after accounting for inflation.

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FAPRI outlook shows downward shifts in farm income, commodity prices

Todays Farmer Magazine

The Food and Agricultural Policy Research Institute at the University of Missouri celebrates its 40th year in 2024, but there wasn’t much celebratory news in FAPRI’s latest baseline projections. The report was released in March and summarized at the Abner Womack Missouri Agriculture Outlook Conference on April 3 in Columbia.

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Farm Bill Coalition Letter

NASDA

Given the enormous challenges facing production agriculture – including a farm economy that has taken a downward spiral – it is imperative Congress act before year’s end to strengthen farm policy for America’s farmers. Farmers are struggling, and the decline in the farm economy is real. Department of Agriculture (USDA).

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Five Ways To Increase Farm Profitability 

Trimble Agriculture

The USDA expects a decrease in farm sector profits this year. Net farm income is forecast at $136.9 As cash receipts for commodities tick down and direct government payments fall, many operators are looking for ways to reduce costs and increase farm profitability.

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FAPRI forecasts falling prices for producers

Todays Farmer Magazine

Marc Rosenbohm, senior research associate with the University of Missouri’s Food & Agricultural Policy Research Institute, discusses the crop outlook during the 2023 Abner Womack Missouri Agriculture Outlook Conference on April 12 in Columbia. Projected net income declines in 2023 and 2024 as receipts and payments fall.