Trimble Agriculture

JULY 5, 2023

The USDA expects a decrease in farm sector profits this year. Net farm income is forecast at $136.9 The funds allowed them to invest in crop diversification, drip irrigation systems, and precision ag technology during a drought. billion—a decrease of nearly 16 percent compared to last year.

Farming 98

Farming Farming Finance Net Farm Income 98

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. There are several ways you can do this.

Farming 59

Farming Farming Net Farm Income Marketing 59

Trimble Agriculture

SEPTEMBER 11, 2024

Key Takeaways from the 2024 Farm Income Forecast Net farm income decreased by 19.5 Anticipate Economic Shifts With the 2024 election potentially shaping economic policies, it’s crucial to prepare for tighter margins—particularly in crop sectors. In 2024, it is projected to fall $6.5 billion (4.4

Farming 59

Farming Farming Net Farm Income Finance 59

Agwired

FEBRUARY 9, 2024

According to a new research brief from CoBank’s Knowledge Exchange, cocoa prices are likely to remain elevated until a new African crop comes to market in late 2024. Registered voters support farmers and the protection provided by the crop insurance program, according to recently released data from National Crop Insurance Services (NCIS).

Net Farm Income 45

Net Farm Income Manufacturing Crop Agriculture 45

ProAg

SEPTEMBER 12, 2023

However, the $42 billion decline in net income will not only be the largest on record in nominal terms but will set the stage for even lower income in 2024. Increased production and ongoing high inputs costs amidst weakening crop and livestock prices will create an economic pressure cooker. Cash receipts for U.S.

Farming 59

Farming Farming Poultry Livestock 59

National Sustainable Agriculture Coalition

MAY 10, 2024

Excessive proposed cost-share payments for livestock feed management. improving irrigation efficiency, restoring pasture, cover cropping, or nutrient and pest management). Creates a 10% set-aside of EQIP funds for payments for practices implemented on small farms. No language to prevent payment limitation abuse.

Ruralism 111

Ruralism Food Farming Farming 111

Agricultural Economics Insights

DECEMBER 17, 2023

bushels per acre, the USDA December estimate pegs the corn crop 6.7 From a budget perspective, corn fertilizer expenses were more than $270 per acre in 2022 and $202 for the 2023 planted crop, and they have fallen to $150 per acre this Fall. To wrap up this list positively, farm incomes in 2023 remained historically high.

Agriculture 122

Agriculture Agriculture Farmland Yield 122