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.

Net Farm Income 52

Net Farm Income Farming Farming Poultry 52

ProAg

NOVEMBER 28, 2023

Fresh in November is renewed optimism regarding crop prices for harvest next fall. Both corn and soybean prices have moved higher, spurring the positivity and boosting net farm income estimates. The survey shows a spike in income forecasts for the new year by almost $5 billion.

Net Farm Income 52

Net Farm Income Harvester Harvest Harvesting 52

Agricultural Economics Insights

SEPTEMBER 25, 2023

While we anticipated farm interest expense to increase meaningfully, the $8.4 billion jump from 2022 levels, a 34% increase, will leave a dent in farm budgets. A Look Back At Farm Interest Expenses Figure 1 plots real, or inflation-adjusted, farm interest expense going back to 1970. Second, the expense in 2023 is $11.2b

Net Farm Income 62

Net Farm Income Farming Farming Agriculture 62

NASDA

SEPTEMBER 10, 2024

It is critical that Congress pass a new farm bill that strengthens the safety net as many producers are facing multiple years of not being profitable and this is causing their overall financial situation to deteriorate. Some will have challenges as they seek operating credit for the 2025 crop year. USDA forecasts the U.S.

Farming 130

Farming Farming Grain Supply Chain 130

Todays Farmer Magazine

APRIL 28, 2023

Marc Rosenbohm, senior research associate with the University of Missouri’s Food & Agricultural Policy Research Institute, discusses the crop outlook during the 2023 Abner Womack Missouri Agriculture Outlook Conference on April 12 in Columbia. Projected farm-related outlays decline in fiscal years 2023 and 2024.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52

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 24, 2024

In 2023, inflation-adjusted net farm income is forecasted to decline 20 percent, falling from several years of record highs. This trend is expected to continue into 2024, albeit at a slower pace, with income falling close to the five-year average. Net farm income is nearing the five-year average.

Net Farm Income 59

Net Farm Income Agriculture Agriculture Farming 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 Farming 45

Agribusiness Blog

MAY 26, 2021

Farmers are allowed to sell their crops in 2021 but contract for the payment to be received in 2022. This means that the farmer would normally pick up the income in 2022 (when payment is made) but can elect to accelerate the income into 2021. For example, assume that Clara is trying to report $150,000 of farm income for 2021.

Net Farm Income 52

Net Farm Income Farming Farming Crop 52

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

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

Agwired

MARCH 22, 2024

Prices for many farm commodities have fallen sharply from their 2022 peaks, contributing to lower farm income and slower food price inflation. While market uncertainty persists, projected prices decline further for crops harvested in 2024, and net farm income falls to the lowest level since 2020.

Plowing 45

Plowing Net Farm Income Farming Farming 45

National Sustainable Agriculture Coalition

MAY 10, 2024

improving irrigation efficiency, restoring pasture, cover cropping, or nutrient and pest management). Payments for conservation improvements and activities include income forgone, as well as costs associated with planning, design, materials, equipment, installation, labor, management, maintenance, and training. 7201, 7202, 7203).

Ruralism 110

Ruralism Food Farming Farming 110

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

Agwired

JANUARY 10, 2025

Department of Agriculture after it announced that an additional $650 million would be made available to support struggling specialty crop producers. Nominate the cream of the crop for the National Agri-Marketing Association Agribusiness Leader of the Year, NAMA Marketer of the Year, Ag Association Leader, or Next Gen NAMA awards.

Net Farm Income 45

Net Farm Income Marketing Agriculture Agriculture 45

Agribusiness Blog

JANUARY 31, 2021

First, if you are a self-employed sole proprietor farmer and you reported less than $100,000 of net farm income on your 2019 Schedule F (or a loss), you are allowed to increase your loan to a maximum $20,833 based on your line 9 gross income assuming it is at least $100,000. Right now, there is not that much clarity.

Net Farm Income 52

Net Farm Income Farming Farming Processing 52

National Sustainable Agriculture Coalition

JANUARY 14, 2025

The discrepancy revealed much about which farm businesses the new Congress will be inclined to prioritize (i.e. specialty crop, small to -mid-scale, and diversified operations). However, to determine the expected gross return, the formula does not incorporate indemnities already distributed or earmarked to these farms.

Net Farm Income 59

Net Farm Income Distribution Farming Farming 59

Modern Farmer

AUGUST 9, 2024

The bulk of farm policy is controlled at the congressional level, so the president can only have a limited role in planning what will ultimately end up in a farm bill.” Net farm income hit $165 billion between 2021 and 2023, compared with $94 billion between 2017 and 2019.

Farming 100

Farming Farming Food Agriculture 100

Civil Eats

FEBRUARY 6, 2025

During the main panel, National Farmers Union president Rob Larew and American Farm Bureau Federation president Zippy Duvall painted a picture of struggling American farmers facing a multitude of challenges. They asked for expansions of crop insurance and higher subsidy payments for commodity growers. Link to this post.)

Net Farm Income 52

Net Farm Income Farming Farming Fertilizer 52