Trimble Agriculture

FEBRUARY 12, 2025

Farm income is expected to take a turn in 2025, after two years of consecutive decline. agricultural economy faced financial headwinds in 2024, but new USDA farm income projections indicate that net farm income will increase in 2025, largely due to the substantial rise in government payments.

Net Farm Income 102

Net Farm Income Farming Farming Cattle 102

NASDA

SEPTEMBER 10, 2024

Given the enormous challenges facing production agriculture – including a farm economy that has taken a downward spiral – it is imperative Congress act before year’s end to strengthen farm policy for America’s farmers. Farmers are struggling, and the decline in the farm economy is real. Estimated 2024 net farm income for U.S.

Farming 130

Farming Farming Grain Supply Chain 130

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.

Farming 130

Farming Farming Net Farm Income Agriculture 130

Western FarmPress

DECEMBER 16, 2024

Ag Marketing IQ: Regardless of whether the Fed lowers interest rates, global production and tariff turmoil spill numbers that drive down net farm income by another $1 billion.

Net Farm Income 52

Net Farm Income Grain Marketing Production 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 As cash receipts for commodities tick down and direct government payments fall, many operators are looking for ways to reduce costs and increase farm profitability.

Farming 98

Farming Farming Finance Net Farm Income 98

Trimble Agriculture

JANUARY 17, 2024

Lower agricultural commodity prices are contributing to a decline in net farm income in 2024. This, combined with higher input costs, fewer government payments, and rising interest rates, is leading to a drop in net farm income. In 2024, net farm income is predicted to follow a similar pattern of decline.

Marketing 104

Marketing Net Farm Income Agriculture Agriculture 104

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.

Net Farm Income 67

Net Farm Income Farmland Farming Farming 67