Trimble Agriculture

JULY 5, 2023

The USDA expects a decrease in farm sector profits this year. Net farm income is forecast at $136.9 Input costs are up, commodity prices are down, and now is the time to assess your bottom line. billion—a decrease of nearly 16 percent compared to last year.

Farming 98

Farming Farming Finance Net Farm Income 98

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.

Farming 62

Farming Farming Net Farm Income Farmland 62

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

Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. Income is estimated to be nearly $40 billion lower this year compared to 2023, down more than 25 percent. American Farm Bureau Federation economists analyzed the latest USDA data in a Market Intel.

Net Farm Income 45

Net Farm Income Manufacturing Crop Agriculture 45

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 Net Farm Income Finance 59

Agricultural Economics Insights

JUNE 9, 2024

Despite falling net farm incomes , rising interest expenses , and generally low producer sentiment , farm loan delinquencies improved in 2023. The Kansas City Federal Reserve has reported quarterly activity for farm real estate loans since 1991. For instance, at the end of 2022, the difference was only 0.1

Real Estate 62

Real Estate Farming Farming Net Farm Income 62

ProAg

SEPTEMBER 12, 2023

However, the $42 billion decline in net income will not only be the largest on record in nominal terms but will set the stage for even lower income in 2024. Increased production and ongoing high inputs costs amidst weakening crop and livestock prices will create an economic pressure cooker. Cash receipts for U.S.

Farming 59

Farming Farming Poultry Livestock 59

National Sustainable Agriculture Coalition

MAY 10, 2024

Excessive proposed cost-share payments for livestock feed management. Creates a 10% set-aside of EQIP funds for payments for practices implemented on small farms. Retargeting two-thirds of the 50 percent EQIP set-aside for livestock practices towards advanced grazing management. No language to prevent payment limitation abuse.

Ruralism 111

Ruralism Food Farming Farming 111

Agricultural Economics Insights

DECEMBER 17, 2023

The realities of this trend will likely impact supermarket prices and livestock markets for a few years. Farm Income Remains Historically High Countless headlines noted a significant year-over-year decline in net farm incomes, but that’s expected after 2022 set a new inflation-adjust high.

Agriculture 122

Agriculture Agriculture Farmland Yield 122