Trimble Agriculture

FEBRUARY 19, 2024

This is the largest year-over-year decline in income the agriculture sector has ever seen. If realized, net farm income would fall to $116.1 In this article, we’ll dig into what factors are influencing farm income in 2024 and what farmers can do to weather it. billion, placing it below the 10-year average.

Net Farm Income 59

Net Farm Income Farming Farming Finance 59

NASDA

SEPTEMBER 28, 2023

As a result of persistently high input costs and rapidly declining commodity and food crop prices, the USDA now projects that this year’s drop in both net farm income and net cash income will be the largest decline of all time, down $42 billion and $54 billion, respectively.

Farming 130

Farming Farming Net Farm Income Agriculture 130

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 due to high prices for crops in 2022.

Farming 105

Farming Farming Net Farm Income Poultry 105

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

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. Cattle, hog, poultry and milk prices all increased in 2022. in 2023 and under 2% in 2024.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52

ProAg

SEPTEMBER 12, 2023

Increased production and ongoing high inputs costs amidst weakening crop and livestock prices will create an economic pressure cooker. top commodities are expected to drop accordingly, with corn and soybeans falling by 19%, cotton dropping by 25%, dairy a whopping 81%, hogs by 39%, and poultry by 43%. Cash receipts for U.S.

Farming 59

Farming Farming Poultry Livestock 59

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