Western FarmPress

JANUARY 6, 2023

K-State agricultural economist cautions farmers that 2023 could be tougher.

Net Farm Income 52

Net Farm Income Farming Farming Agriculture 52

Trimble Agriculture

JANUARY 15, 2025

In 2025, net farm income is expected to decline , continuing a softening trend after record highs in 2022. Farm debt levels are projected to rise due to increased borrowing and high interest rates, though asset appreciation has kept debt-to-asset ratios relatively low. Agriculture.

Farming 59

Farming Farming Net Farm Income Marketing 59

NASDA

SEPTEMBER 28, 2023

We urge Congress to find a bipartisan path forward that avoids a government shutdown, addresses FY 2024 government funding, and moves to consider the farm bill without additional delay. All Americans depend on the success of American agriculture, and managing risk on the farm is critical to this success.

Farming 130

Farming Farming Net Farm Income Agriculture 130

Daily Yonder

MARCH 14, 2024

farmers and ranchers, agriculture experts predict. “We Announced March 11 by Secretary of Agriculture Tom Vilsack, the new rule will require that “Product of U.S.A.” From 2022 to 2023, net farm incomes dropped by $41.8 will give consumers better information and result in fairer compensation for U.S.

Net Farm Income 121

Net Farm Income Poultry Production Marketing 121

Agricultural Economics Insights

JANUARY 21, 2024

The first graph – from U.S.D.A – shows how net farm income has had two periods of very strong farm profitability during the last 20 years. agriculture has experienced the strongest income period since World War II, which is a fundamental reason for higher land prices today. Figure 1 – U.S.

Net Farm Income 67

Net Farm Income Farmland Farming Farming 67

Todays Farmer Magazine

APRIL 30, 2024

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.

Net Farm Income 52

Net Farm Income Farming Farming Poultry 52

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.

Farming 105

Farming Farming Net Farm Income Poultry 105

ProAg

OCTOBER 31, 2023

The more than 60 professionals surveyed mostly agreed that the current healthy farm economy is a driving reason behind the delay. Economists expect 2023 net farm income to top $140 billion, and project 2024 to be closer to $130 billion.

Net Farm Income 59

Net Farm Income Farming Farming Agriculture 59

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

Farmland 69

Farmland Marketing Net Farm Income Real Estate 69

Agricultural Economics Insights

SEPTEMBER 25, 2023

While we anticipated farm interest expense to increase meaningfully, the $8.4 billion jump from 2022 levels, a 34% increase, will leave a dent in farm budgets. A Look Back At Farm Interest Expenses Figure 1 plots real, or inflation-adjusted, farm interest expense going back to 1970. Second, the expense in 2023 is $11.2b

Net Farm Income 62

Net Farm Income Farming Farming Agriculture 62

NASDA

SEPTEMBER 10, 2024

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).

Farming 130

Farming Farming Grain Supply Chain 130

Trimble Agriculture

JULY 5, 2023

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.

Farming 98

Farming Farming Finance Net Farm Income 98

Agric4profits

FEBRUARY 9, 2025

Farm assets must be valued at least once a year, typically at the end of the accounting period for a specific farm. Depreciation of assets is essential for farm accounting to ensure the balance sheet reflects the true value of assets and to avoid overestimating the net farm income or farm profit.

Net Farm Income 40

Net Farm Income Farming Farming Agriculture 40

ATTRA

JUNE 1, 2024

Farmers enrolled in the Minnesota Agricultural Water Quality Certification Program (MAWQCP) have higher profits than non-certified farms , according to five years of data from the Minnesota State Agricultural Centers of Excellence.

Net Farm Income 40

Net Farm Income Farming Farming Agriculture 40

Todays Farmer Magazine

APRIL 28, 2023

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.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52

Agwired

FEBRUARY 9, 2024

13, USDA’s National Agricultural Statistics Service (NASS) will release the much-anticipated 2022 Census of Agriculture data at nass.usda.gov/AgCensus and in their online searchable database, Quick Stats. Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024.

Net Farm Income 45

Net Farm Income Manufacturing Crop Farming 45

Agricultural Economics Insights

FEBRUARY 18, 2024

net farm incomes – which we broke down here – also updated estimates of farm financial conditions. From the balance sheet, a concerning trend is tumbling working capital across the farm sector. Looking ahead, limited working capital could pose a challenge if income fell sharply.

Farming 62

Farming Farming Net Farm Income Farmland 62

Trimble Agriculture

SEPTEMBER 11, 2024

The September 2024 farm income report presents a mixed outlook, revealing key trends that are affecting the agricultural sector and giving insight into how these trends could impact farm income in the year to come. Key Takeaways from the 2024 Farm Income Forecast Net farm income decreased by 19.5

Farming 59

Farming Farming Net Farm Income Finance 59

Trimble Agriculture

AUGUST 7, 2024

According to the latest USDA data, net farm income is forecast to fall 27 percent in 2024. In times of economic contraction, AgAmerica understands that access to the right financial resources is crucial for maintaining and growing your farm or ranch into a booming agricultural operation.

Finance 59

Finance Net Farm Income Marketing Farming 59

Agricultural Economics Insights

JUNE 9, 2024

Despite falling net farm incomes , rising interest expenses , and generally low producer sentiment , farm loan delinquencies improved in 2023. The Kansas City Federal Reserve has reported quarterly activity for farm real estate loans since 1991.

Real Estate 62

Real Estate Farming Farming Net Farm Income 62

Agwired

MARCH 22, 2024

The Agricultural Business Council of Kansas City will honor the late Cliff Becker and Dr. Scott Brown with the group’s prestigious Jay B. Dillingham Award for Agricultural Leadership and Excellence at a luncheon on May 16 in Kansas City’s historic Union Station. Agricultural Market Outlook is now available. The 2024 U.S.

Plowing 45

Plowing Net Farm Income Farming Farming 45

Trimble Agriculture

JANUARY 24, 2024

Strong liquidity is helping farmers overcome challenges in agriculture—but risk remains. In 2023, inflation-adjusted net farm income is forecasted to decline 20 percent, falling from several years of record highs. Net farm income is nearing the five-year average. Interest rates are increasing.

Net Farm Income 59

Net Farm Income Agriculture Agriculture Farming 59

Trimble Agriculture

NOVEMBER 15, 2023

It is also less common for American farmland to be owned by someone outside of the agriculture industry. agricultural land. Farm Production Although nearly 90 percent of farms are considered “small” (an operation with gross cash farm income under $250,000), they only produce 18 percent of America’s agricultural products.

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. NSAC will reserve final assessment until the full legislative text becomes available.

Ruralism 111

Ruralism Food Farming Farming 111

Agricultural Economics Insights

DECEMBER 17, 2023

By: Brent Gloy and David Widmar The Agriculture Headlines That Caught Our Attention This Year For our final post of the calendar year, we are reflecting on the biggest agricultural stories of 2023. For most of us in agriculture, A.I.’s To wrap up this list positively, farm incomes in 2023 remained historically high.

Agriculture 122

Agriculture Agriculture Farmland Yield 122

Trimble Agriculture

JANUARY 10, 2024

After record-breaking farm income in 2022, factors that propelled key commodity prices and government payments forward reversed course, indicating a potential slowdown ahead for the U.S. farm economy. Even so, net farm income ended the year 7.2 Although the U.S.

Farming 105

Farming Farming Ruralism Net Farm Income 105

Agwired

JANUARY 10, 2025

Department of Agriculture after it announced that an additional $650 million would be made available to support struggling specialty crop producers. Department of Agriculture Secretary Tom Vilsack and U.S. Carter is a Junior from Delaware studying Agricultural Economics. Ranking Member Angie Craig applauded the U.S.

Net Farm Income 45

Net Farm Income Marketing Agriculture Agriculture 45

Modern Farmer

AUGUST 9, 2024

Photography via Shutterstock/Juli Hansen The Landscape for Farmers Under Harris Vice President Harris’s track record on agriculture can be traced from her time as a California attorney general and US senator to her time as Biden’s second in command. Agriculture is very export dependent,” says Hoefner.

Farming 100

Farming Farming Food Agriculture 100

National Sustainable Agriculture Coalition

JANUARY 14, 2025

Throughout these negotiations, federal food and farm policy observers closely tracked several provisions. This bipartisan deal disappointingly omitted key conservation funding for farmers, but included agriculture disaster assistance funding and funding for the stranded farm bill programs, alongside economic aid for commodity farmers.

Net Farm Income 59

Net Farm Income Distribution Farming Farming 59

Civil Eats

FEBRUARY 6, 2025

For its first hearing of the new Congress , the Senate Agriculture Committee invited the leaders of the countrys biggest farm groups to Capitol Hill to share their perspectives on the state of the U.S. farm economy. It would be devastating to agriculture,” Duvall answered. asked Senator Ben Ray Lujn (D-New Mexico).

Net Farm Income 52

Net Farm Income Farming Farming Fertilizer 52