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

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

NASDA

SEPTEMBER 10, 2024

Throughout the life of the current farm bill, producers across the country have experienced powerful headwinds, ranging from extreme weather to high input costs to uncertain global demand to supply chain disruptions. 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

JULY 5, 2023

The USDA expects a decrease in farm sector profits this year. Net farm income is forecast at $136.9 In farming, input costs typically include items like seeds, fertilizer, feed, and more. Create An Estate Plan Creating an estate plan is essential for farm continuity.

Farming 98

Farming Farming Finance Net Farm Income 98

Agricultural Economics Insights

DECEMBER 17, 2023

June Acreage Surprise Perhaps the biggest story in the grain market was the June acreage report, which revealed the low soybean/corn price ratio in late 2022 did its job of motivating producers to plant corn. F ertilizer Prices Return to Earth Throughout 2023, fertilizer prices have been significantly lower. 2018 was 5.2

Agriculture 122

Agriculture Agriculture Farmland Yield 122

National Sustainable Agriculture Coalition

MAY 10, 2024

Expands the types of “new or innovative conservation approaches” funded through On-Farm Conservation Innovation Trials to include on-farm nutrient recycling, perennial production systems including agroforestry and perennial forages and grain crops, and livestock-related practices that reduce GHG emissions including enteric methane emissions.

Ruralism 111

Ruralism Food Farming Farming 111