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

Agricultural Economics Insights

NOVEMBER 12, 2023

Incomes Higher, Almost Everywhere Unfortunately, the USDA’s state-level data are only available through 2022. Figure 1 shows the recent change in net farm income by comparing 2022 with the 2016-2020 average. Underscoring that variability is Washington, where farm income in 2022 was 24% lower than the 2016-2020 period.

Net Farm Income 67

Net Farm Income Farming Farming Farmland 67

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

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.

Farmland 59

Farmland Marketing Pasture Acre 59

NASDA

SEPTEMBER 28, 2023

As a result of persistently high input costs and rapidly declining commodity and food crop prices, the USDA now projects that this year’s drop in both net farm income and net cash income will be the largest decline of all time, down $42 billion and $54 billion, respectively.

Farming 130

Farming Farming Net Farm Income Agriculture 130

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. Looking ahead, limited working capital could pose a challenge if income fell sharply.

Farming 62

Farming Farming Net Farm Income Farmland 62

Trimble Agriculture

AUGUST 7, 2024

According to the latest USDA data, net farm income is forecast to fall 27 percent in 2024. Just be sure you fully understand requirements to avoid unwanted restrictions on how you can use your farmland. Farmers face unique financial challenges, from fluctuating market prices to unpredictable weather conditions.

Finance 59

Finance Net Farm Income Marketing Farming 59