Trimble Agriculture

JANUARY 15, 2025

In 2024, farmers faced market volatility, rising input costs, labor shortages, and foreign policy challenges. In 2025, net farm income is expected to decline , continuing a softening trend after record highs in 2022. This mitigates financial risks and provides a safety net in case of unexpected events.

Farming 59

Farming Farming Net Farm Income Marketing 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

JANUARY 24, 2024

In 2023, inflation-adjusted net farm income is forecasted to decline 20 percent, falling from several years of record highs. This trend is expected to continue into 2024, albeit at a slower pace, with income falling close to the five-year average. Net farm income is nearing the five-year average.

Net Farm Income 59

Net Farm Income Agriculture Agriculture Farming 59

Trimble Agriculture

JULY 5, 2023

The USDA expects a decrease in farm sector profits this year. Net farm income is forecast at $136.9 Some operators find that consolidating debt from several different loans under one monthly payment nets them a lower interest rate and a more manageable payment schedule.

Farming 98

Farming Farming Finance Net Farm Income 98

Todays Farmer Magazine

APRIL 28, 2023

For 2023, an assumed return to more normal conditions results in projected declines in commodity prices, farm income and food price inflation, according to the latest U.S. Agricultural Market Outlook from the Food & Agricultural Policy Research Institute at the University of Missouri. in 2023 and under 2% in 2024.

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

According to a new research brief from CoBank’s Knowledge Exchange, cocoa prices are likely to remain elevated until a new African crop comes to market in late 2024. Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. Lewis as its new executive director, effective January 29th.

Net Farm Income 45

Net Farm Income Manufacturing Crop Pruning 45