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

ProAg

NOVEMBER 28, 2023

Fresh in November is renewed optimism regarding crop prices for harvest next fall. Both corn and soybean prices have moved higher, spurring the positivity and boosting net farm income estimates. The survey shows a spike in income forecasts for the new year by almost $5 billion.

Net Farm Income 52

Net Farm Income Harvest Harvesting Harvester 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 For example, grain operators may find post-harvest as the most accurate time, while cow-calf operations may choose when calves are born. billion—a decrease of nearly 16 percent compared to last year.

Farming 98

Farming Farming Finance Net Farm Income 98

NASDA

SEPTEMBER 10, 2024

Farmers are struggling, and the decline in the farm economy is real. Estimated 2024 net farm income for U.S. agriculture is projected to be down $55.61 billion, a more than 27% drop from the 2022 level, according to the U.S. Department of Agriculture (USDA).

Farming 130

Farming Farming Grain Supply Chain 130

Agwired

MARCH 22, 2024

Prices for many farm commodities have fallen sharply from their 2022 peaks, contributing to lower farm income and slower food price inflation. While market uncertainty persists, projected prices decline further for crops harvested in 2024, and net farm income falls to the lowest level since 2020.

Plowing 45

Plowing Net Farm Income Farming Farming 45