Crop Net Farm Income Ruralism 
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.
NASDA
SEPTEMBER 28, 2023
To manage risk, it’s important for America’s farmers, growers, and ranchers to be supported by strong farm bill programs as they face extreme weather conditions, natural disasters, high supply costs and inflationary pressures – all of which farmers, growers, and ranchers are facing right now.
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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. percent due to high prices for crops in 2022. percent from its previous estimate.
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.
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.
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.
Trimble Agriculture
SEPTEMBER 11, 2024
Read key takeaways for farmers, ranchers, and rural landowners from the USDA’s September 2024 farm income forecast. Rural community stakeholders across the U.S. use the USDA’s farm income forecast to guide financial decisions for the coming year. In 2024, it is projected to fall $6.5 billion (4.4
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