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

Trimble Agriculture

JULY 5, 2023

The USDA expects a decrease in farm sector profits this year. Net farm income is forecast at $136.9 As a lender that works exclusively in the agriculture space, AgAmerica has helped hundreds of farmers strengthen their finances. billion—a decrease of nearly 16 percent compared to last year.

Farming 98

Farming Farming Finance Net Farm Income 98

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

SEPTEMBER 11, 2024

Key Takeaways from the 2024 Farm Income Forecast Net farm income decreased by 19.5 Look for ways to diversify your income sources, such as exploring new crops, livestock, or agribusiness ventures. percent from 2022 to 2023, falling from a record-high of $182 billion to $146.5 billion (4.4

Farming 59

Farming Farming Finance Net Farm Income 59

Todays Farmer Magazine

APRIL 28, 2023

Crop insurance accounts for 45% of projected spending on major farm-related programs over the next decade. Net farm income reached a record level in 2022, as sharply higher crop and livestock receipts more than offset reduced government payments and increased production expenses. in 2023 and under 2% in 2024.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52

Trimble Agriculture

JANUARY 15, 2025

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.

Farming 59

Farming Farming Net Farm Income Marketing 59

Agricultural Economics Insights

FEBRUARY 18, 2024

net farm incomes – which we broke down here – also updated estimates of farm financial conditions. From the balance sheet, a concerning trend is tumbling working capital across the farm sector. Looking ahead, limited working capital could pose a challenge if income fell sharply.

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Farming Farming Net Farm Income Farmland 62