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Farm Income Outlook for 2025 

Trimble Agriculture

Farm income is expected to take a turn in 2025, after two years of consecutive decline. agricultural economy faced financial headwinds in 2024, but new USDA farm income projections indicate that net farm income will increase in 2025, largely due to the substantial rise in government payments.

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2024 Agricultural Commodity Prices and Market Outlook 

Trimble Agriculture

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.

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Protect Your Farm with Integrated Risk Management 

Trimble Agriculture

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. There are several ways you can do this.

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USDA Will Implement Long-Awaited Change to Country-of-Origin Labeling Rules

Daily Yonder

A long awaited rule that changes which meat and poultry goods can bear the label “Product of U.S.A.” We will see profits increase for actual American beef producers because that will be the only product that’s labeled ‘product of the U.S.A.,’ to be labeled “Product of U.S.A” to be labeled “Product of U.S.A”

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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. Source: USDA, Economic Research Service, Farm Income and Wealth Statistics.

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FAPRI outlook shows downward shifts in farm income, commodity prices

Todays Farmer Magazine

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. per bushel in 2022-23 fall to a projected $4.39 per bushel to a projected $10.73

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FAPRI forecasts falling prices for producers

Todays Farmer Magazine

Unfavorable weather, the Russian invasion of Ukraine, avian influenza and a host of other factors resulted in high commodity prices, high farm production costs and high consumer food price inflation in 2022. Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022.