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Five Ways To Increase Farm Profitability 

Trimble Agriculture

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.

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FAPRI forecasts falling prices for producers

Todays Farmer Magazine

The full report is available online at fapri.missouri.edu, but here are some key results: If weather conditions allow crop yields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall. Projected net income declines in 2023 and 2024 as receipts and payments fall.

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Protect Your Farm with Integrated Risk Management 

Trimble Agriculture

In 2025, net farm income is expected to decline , continuing a softening trend after record highs in 2022. Farm debt levels are projected to rise due to increased borrowing and high interest rates, though asset appreciation has kept debt-to-asset ratios relatively low. There are several ways you can do this.

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The 2023 Agricultural Year in Review

Agricultural Economics Insights

However, the yield curve has been getting less inverted as long-term rates trended higher throughout the Fall. Corn Yield Again Below Trend At 174.9 bushels below the trend line, the 7th lowest corn yield in 35 years. It’s also the fifth consecutive below-trend yield. 2018 was 5.2 bushels above trend).

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A Deep Dive on the Senate’s Farm Bill Proposal: the Rural Prosperity and Food Security Act of 2024

National Sustainable Agriculture Coalition

Improved cost-share accounting for income forgone when farmers experience losses in revenue due to production changes, anticipated reductions in yield, transitioning to an organic resource-conserving system, or acreage converted to conservation uses. percent of farms. A statutory minimum payment of $4,000 per year.

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