Western FarmPress

MAY 8, 2024

Bottom Line: Even after a good year, North Dakota farmers see a sharp decrease in average net farm income.

Net Farm Income 111

Net Farm Income Farming Farming 111

Western FarmPress

OCTOBER 16, 2024

USDA report on net farm income doesn’t provide a clear picture of the U.S. farm economy.

Net Farm Income 105

Net Farm Income Farming Farming 105

Western FarmPress

OCTOBER 15, 2024

USDA's Net Farm Income data is misused and abused. Significant losses in crop agriculture are being masked by the recent boom in profitability of livestock operations.

Net Farm Income 111

Net Farm Income Farming Farming Livestock 111

AgWeb Farm Journal

FEBRUARY 7, 2024

USDA’s initial forecast calls for net farm income to plunge $39.8 million (25.5%) to $116.1 billion in 2024.

Net Farm Income 113

Net Farm Income Farming Farming 113

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 100

Net Farm Income Farming Farming Cattle 100

ProAg

DECEMBER 1, 2023

Data from USDA’s Economic Research Service suggests farm income will drop sharply from last year but still be $10 billion higher than what was projected in September. Projections have a net income at 17% lower than in 2022, a difference of $31.8 Meanwhile, farm sector equity is slated to increase by nearly 7% to $3.57

Net Farm Income 52

Net Farm Income Farming Farming 52

Trimble Agriculture

FEBRUARY 19, 2024

Explore key findings from the USDA’s first 2024 farm income forecast report and why they matter. Farm income news was front and center last week with the release of the USDA’s first farm income forecast report in 2024. billion decline in farm income—a drop of more than 25 percent.

Net Farm Income 59

Net Farm Income Farming Farming Finance 59

AgWeb Farm Journal

JANUARY 30, 2024

Ag economists’ views on the ag economy took a dive in the first Ag Economists’ Monthly Monitor of 2024; however, relatively strong balance sheets and working capital could provide a cushion for 2024.

Net Farm Income 108

Net Farm Income Farming Farming 108

Western FarmPress

SEPTEMBER 10, 2024

Mike Pearson tells listeners how a strong livestock sector is keeping net farm income up. In February, the USDA predicted net farm income would fall 25 percent in 2024. Now, the agency says the drop is much smaller than predicted.

Net Farm Income 59

Net Farm Income Farming Farming Livestock 59

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

JANUARY 6, 2023

K-State agricultural economist cautions farmers that 2023 could be tougher.

Net Farm Income 52

Net Farm Income Farming Farming Agriculture 52

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

Trimble Agriculture

SEPTEMBER 20, 2023

After a record high in 2022, farm income is anticipated to decline by 22 percent in 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.

Farming 105

Farming Farming Net Farm Income Poultry 105

Agwired

DECEMBER 3, 2024

The USDA Economic Research Service 2024 Farm Sector Income Forecast shows farm income is down again this year, but not as much as it was last year. While the report compares different measures of farm income, the bottom line is that, adjusted for inflation, net farm income is forecast to decrease by $9.5

Net Farm Income 49

Net Farm Income Farming Farming Family Farming 49

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

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

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. per bushel in 2022-23 fall to a projected $4.39 per bushel to a projected $10.73

Net Farm Income 52

Net Farm Income Farming Farming Poultry 52

Agric4profits

FEBRUARY 9, 2025

Farm assets must be valued at least once a year, typically at the end of the accounting period for a specific farm. Depreciation of assets is essential for farm accounting to ensure the balance sheet reflects the true value of assets and to avoid overestimating the net farm income or farm profit.

Net Farm Income 40

Net Farm Income Farming Farming Agriculture 40

Daily Yonder

MARCH 14, 2024

label stripped America’s cattle producers of a vital opportunity to market their USA beef while denying consumers the opportunity to support them,” said Joe Maxwell, co-founder of the advocacy group Farm Action and long-time farmer, in a press release. From 2022 to 2023, net farm incomes dropped by $41.8

Net Farm Income 121

Net Farm Income Poultry Production Marketing 121

ProAg

SEPTEMBER 5, 2023

USDA released its August 2023 Farm Income Forecast, casting a stark projection of a $41.7 billion loss in year-over-year income. While 2022 was a record-setting year at $183 billion in net farm income, the inflation-included 25.4% Net cash farm income is expected to fall 26.5%

Net Farm Income 52

Net Farm Income Farming Farming Poultry 52

ProAg

OCTOBER 31, 2023

The latest Ag Economist’s Monthly Monitor from Farm Journal and the University of Missouri revealed serious doubt on Congress’ ability to pass a new farm bill this year. The more than 60 professionals surveyed mostly agreed that the current healthy farm economy is a driving reason behind the delay. The reason?

Net Farm Income 59

Net Farm Income Farming Farming Agriculture 59

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

Agricultural Economics Insights

SEPTEMBER 25, 2023

farm economy, we stumbled across a trend that made us do a double-take. 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. This data comes directly from the USDA’s net farm income estimates.

Net Farm Income 62

Net Farm Income Farming Farming Agriculture 62

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

ProAg

AUGUST 30, 2023

The Cornell Pro-Dairy Dairy Farm Business Summary revealed an optimistic financial analysis of 2022, surveying farms of all sizes. Data disclosed that net farm income at least doubled compared to 2021 for farms of all sizes. The smallest farms recorded a smaller bump, but still significant at 125%.

Net Farm Income 52

Net Farm Income Farming Farming Marketing 52

Trimble Agriculture

JANUARY 15, 2025

In 2025, net farm income is expected to decline , continuing a softening trend after record highs in 2022. Farm debt levels are projected to rise due to increased borrowing and high interest rates, though asset appreciation has kept debt-to-asset ratios relatively low. How Can Farmers Reduce Integrated Risk?

Farming 59

Farming Farming Net Farm Income Marketing 59

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.

Farming 62

Farming Farming Net Farm Income Farmland 62

Trimble Agriculture

NOVEMBER 22, 2023

As COVID-era funding runs out and input costs continue to rise, farm income is expected to fall 22 percent in 2023. Even so, it’s important to understand that farm liquidity remains strong and net farm income will still remain well above the 10-year average. billion to $140.4 in the Corn Belt.

Farmland 69

Farmland Marketing Net Farm Income Real Estate 69

ATTRA

JUNE 1, 2024

Farmers enrolled in the Minnesota Agricultural Water Quality Certification Program (MAWQCP) have higher profits than non-certified farms , according to five years of data from the Minnesota State Agricultural Centers of Excellence.

Net Farm Income 40

Net Farm Income Farming Farming Agriculture 40

Agricultural Economics Insights

JUNE 9, 2024

Despite falling net farm incomes , rising interest expenses , and generally low producer sentiment , farm loan delinquencies improved in 2023. The Kansas City Federal Reserve has reported quarterly activity for farm real estate loans since 1991. Share of Farm Real Estate Loans Delinquent, Q4 1991-2023.

Real Estate 62

Real Estate Farming Farming Net Farm Income 62

Trimble Agriculture

SEPTEMBER 11, 2024

Read key takeaways for farmers, ranchers, and rural landowners from the USDA’s September 2024 farm income forecast. use the USDA’s farm income forecast to guide financial decisions for the coming year. Key Takeaways from the 2024 Farm Income Forecast Net farm income decreased by 19.5

Farming 59

Farming Farming Net Farm Income Finance 59

ProAg

NOVEMBER 28, 2023

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. Read more on the latest Ag Economists’ Monthly Monitor, a survey from the University of Missouri and Farm Journal, here.

Net Farm Income 52

Net Farm Income Harvest Harvester Harvesting 52

ProAg

JULY 21, 2023

The monitor forecasts net farm income to fall $132.8 Ongoing volatility in both Ukraine and China is a driving force in both near- and long-term uncertainty. Compared to June, the outlook for the future is much more positive, though short-term outlooks declined. billion this year, below the $134.7 billion forecast in June.

Net Farm Income 52

Net Farm Income Marketing Farming Farming 52

Todays Farmer Magazine

APRIL 28, 2023

Unfavorable weather, the Russian invasion of Ukraine, avian influenza and a host of other factors resulted in high commodity prices, high farm production costs and high consumer food price inflation in 2022. Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52

Agribusiness Blog

MAY 26, 2021

For example, assume that Clara is trying to report $150,000 of farm income for 2021. When John prepares her tax return, he realizes that net farm income is actually negative $25,000. Clara elects to bring into income the $75,000 and $100,000 contract bringing her farm income to $150,000.

Net Farm Income 52

Net Farm Income Farming Farming Crop 52

Agribusiness Blog

NOVEMBER 27, 2022

A farmer is required to have at least 66.67% of their gross income be from farming. A Schedule F farmer will report their gross income reported on Schedule F (usually line 9). However other items of income reported by the farmer will not qualify as farm income such as gains from selling or trading in farm equipment.

Net Farm Income 52

Net Farm Income Farming Farming 52

ProAg

SEPTEMBER 12, 2023

farm income in history. The department’s most recent farm income forecast projected a sharp 23% decline in profits compared to 22. 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.

Farming 59

Farming Farming Poultry Livestock 59