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FAPRI outlook shows downward shifts in farm income, commodity prices

Todays Farmer Magazine

APRIL 30, 2024

FAPRI’s report shows prices for many farm commodities have fallen sharply from 2022 peaks and will likely decline further for crops harvested in 2024 and beyond. As a result, net farm income is expected to hit the lowest level since 2020. Hog, poultry and milk prices all declined in 2023 as demand weakened. .

Net Farm Income 52
Net Farm Income Farming Farming Poultry 52
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FAPRI forecasts falling prices for producers

Todays Farmer Magazine

APRIL 28, 2023

The outlook summarizes baseline projections for agricultural and biofuel markets using information available in January 2023. Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022. Cattle, hog, poultry and milk prices all increased in 2022. in 2023 and under 2% in 2024.

Net Farm Income 52
Net Farm Income Real Estate Supply Chain Crop 52
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