Farming Farmland Net Farm Income 
Agricultural Economics Insights
NOVEMBER 12, 2023
farm incomes reached a new record in 2022. Between 2021 and 2023, the USDA’s income estimates reveal the strongest three-year span since the 1940s. With either measure, the recent farm income boom has been significant, if not the highest in most of our careers. Change in Real Net Farm Income, 2022 vs Avg.
Trimble Agriculture
NOVEMBER 22, 2023
farmland market has remained remarkably resilient for the last several decades—but will it last? As COVID-era funding runs out and input costs continue to rise, farm income is expected to fall 22 percent in 2023. Net Farm Income After a record-breaking high in 2022, net farm income is expected to fall a total of $41.7
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NASDA
SEPTEMBER 28, 2023
Letter Dear Leader Schumer, Leader McConnell, Speaker McCarthy and Leader Jeffries: We write to stress the importance of having a farm bill signed into law by the end of the year. Unfortunately, delays in the federal appropriations process for FY 2024 and a risk of government shutdown threaten timely passage of the 2023 farm bill.
Agricultural Economics Insights
JANUARY 21, 2024
The first graph – from U.S.D.A – shows how net farm income has had two periods of very strong farm profitability during the last 20 years. agriculture has experienced the strongest income period since World War II, which is a fundamental reason for higher land prices today. Figure 1 – U.S.
Agricultural Economics Insights
FEBRUARY 18, 2024
net farm incomes – which we broke down here – also updated estimates of farm financial conditions. From the balance sheet, a concerning trend is tumbling working capital across the farm sector. Farm Sector Working Capital, 2009 -2024. Figure 2 plots the working capital ratio for the farm sector.
Trimble Agriculture
AUGUST 7, 2024
According to the latest USDA data, net farm income is forecast to fall 27 percent in 2024. In times of economic contraction, AgAmerica understands that access to the right financial resources is crucial for maintaining and growing your farm or ranch into a booming agricultural operation. Farm Balance Sheet 2.
Trimble Agriculture
NOVEMBER 15, 2023
The farmland market is an important indicator of an operation’s financial strength. For farmers who own their land, farmland makes up more than 80 percent of their total assets. Historically, farm values have held steady in the face of economic turbulence, making them an effective risk management tool during market fluctuation.
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