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In 2025, netfarmincome 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. If the market price falls to $1.30
The full report is available online at fapri.missouri.edu, but here are some key results: If weather conditions allow cropyields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall. Cattle, hog, poultry and milk prices all increased in 2022.
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