This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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, netfarmincome is expected to hit the lowest level since 2020.
The USDA expects a decrease in farm sector profits this year. Netfarmincome 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.
Farmers are struggling, and the decline in the farm economy is real. Estimated 2024 netfarmincome for U.S. agriculture is projected to be down $55.61 billion, a more than 27% drop from the 2022 level, according to the U.S. Department of Agriculture (USDA).
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Fertilizer 
52 
Let's personalize your content