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

Daily Yonder

MARCH 14, 2024

A long awaited rule that changes which meat and poultry goods can bear the label “Product of U.S.A.” farmers and ranchers has been in decline in recent years as big corporations merge producers in the meat, poultry, and egg markets. From 2022 to 2023, net farm incomes dropped by $41.8 The number of U.S.

Net Farm Income 121

Net Farm Income Poultry Production Marketing 121

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

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

Farming 105

Farming Farming Net Farm Income Poultry 105

Todays Farmer Magazine

APRIL 28, 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. Federal spending on farm-related programs was above the historical norm between 2019 and 2022, largely because of short-term, ad hoc programs.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52