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

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

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. Hog, poultry and milk prices all declined in 2023 as demand weakened.

Net Farm Income 52

Net Farm Income Farming Farming Poultry 52

Todays Farmer Magazine

APRIL 28, 2023

Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022. Cattle, hog, poultry and milk prices all increased in 2022. Crop insurance accounts for 45% of projected spending on major farm-related programs over the next decade. in 2023 and under 2% in 2024.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52

National Sustainable Agriculture Coalition

MAY 10, 2024

Specific to meat supply chains, it provides grants and resources for small- to medium-sized meat and poultry processors, focusing on expanding processing capacity through equipment upgrades and worker training (Sec. percent of farms. 12103, 7124). 11103, 11208).

Ruralism 111

Ruralism Food Farming Farming 111