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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, farmincome is expected to fall 22 percent in 2023. NetFarmIncome After a record-breaking high in 2022, netfarmincome is expected to fall a total of $41.7
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.
To manage risk, it’s important for America’s farmers, growers, and ranchers to be supported by strong farm bill programs as they face extreme weather conditions, natural disasters, high supply costs and inflationary pressures – all of which farmers, growers, and ranchers are facing right now.
According to the latest USDA data, netfarmincome is forecast to fall 27 percent in 2024. Its goal is to help farm operators get a clearer picture of their operation’s current financial standing and make more informed financial decisions about their ag loans. Want to try it for yourself? Click the link below.
On May 1, 2024 – after months of stalled farm bill negotiations on both sides of Capitol Hill – Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) released a detailed section-by-section summary of her farm bill proposal. Conservation and Climate The benefits of on-farm conservation programs are widespread.
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