Trimble Agriculture

FEBRUARY 19, 2024

This is the largest year-over-year decline in income the agriculture sector has ever seen. If realized, net farm income would fall to $116.1 In this article, we’ll dig into what factors are influencing farm income in 2024 and what farmers can do to weather it. billion, placing it below the 10-year average.

Net Farm Income 59

Net Farm Income Farming Farming Finance 59

Todays Farmer Magazine

APRIL 30, 2024

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, net farm income is expected to hit the lowest level since 2020.

Net Farm Income 52

Net Farm Income Farming Farming Poultry 52

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. Input costs are up, commodity prices are down, and now is the time to assess your bottom line.

Farming 98

Farming Farming Finance Net Farm Income 98

Todays Farmer Magazine

APRIL 28, 2023

Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022. Crop insurance accounts for 45% of projected spending on major farm-related programs over the next decade. Projected net income declines in 2023 and 2024 as receipts and payments fall.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52

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

Agwired

FEBRUARY 9, 2024

Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. Income is estimated to be nearly $40 billion lower this year compared to 2023, down more than 25 percent. American Farm Bureau Federation economists analyzed the latest USDA data in a Market Intel.

Net Farm Income 45

Net Farm Income Manufacturing Crop Agriculture 45

National Sustainable Agriculture Coalition

MAY 10, 2024

Excessive proposed cost-share payments for livestock feed management. Creates a 10% set-aside of EQIP funds for payments for practices implemented on small farms. Retargeting two-thirds of the 50 percent EQIP set-aside for livestock practices towards advanced grazing management. No language to prevent payment limitation abuse.

Ruralism 111

Ruralism Food Farming Farming 111