Farming Net Farm Income Ruralism 
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.
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.
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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.
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.
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. Small farmers and ranchers in rural America especially felt the brunt of this.
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.
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. farm sector debt is expected to increase by 5.2
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