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U.S. Farmland Market Outlook for 2024 

Trimble Agriculture

farmland market has remained remarkably resilient for the last several decades—but will it last? As COVID-era funding runs out and input costs continue to rise, farm income is expected to fall 22 percent in 2023. Net Farm Income After a record-breaking high in 2022, net farm income is expected to fall a total of $41.7

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USDA Will Implement Long-Awaited Change to Country-of-Origin Labeling Rules

Daily Yonder

and therefore they’ll be able to sell more beef,” said Marty Irby, board director and secretary for the non-profit research group Organization for Competitive Markets. beef market (Cargill, JBS, Tyson, and National Beef) unduly benefited from the old rule that allowed misleading “Product of U.S.A.” The number of U.S.

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Understanding Historical Farmland Market Trends 

Trimble Agriculture

The farmland market is an important indicator of an operation’s financial strength. Historically, farm values have held steady in the face of economic turbulence, making them an effective risk management tool during market fluctuation. For farmers who own their land, farmland makes up more than 80 percent of their total assets.

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Eight Challenges for U.S. Agriculture in 2024 and How to Mitigate Them 

Trimble Agriculture

In 2023, inflation-adjusted net farm income is forecasted to decline 20 percent, falling from several years of record highs. This trend is expected to continue into 2024, albeit at a slower pace, with income falling close to the five-year average. Net farm income is nearing the five-year average.

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FAPRI forecasts falling prices for producers

Todays Farmer Magazine

For 2023, an assumed return to more normal conditions results in projected declines in commodity prices, farm income and food price inflation, according to the latest U.S. Agricultural Market Outlook from the Food & Agricultural Policy Research Institute at the University of Missouri. in 2023 and under 2% in 2024.

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Farm Bill Coalition Letter

NASDA

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
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Industry Ag News 2/9

Agwired

According to a new research brief from CoBank’s Knowledge Exchange, cocoa prices are likely to remain elevated until a new African crop comes to market in late 2024. Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. Lewis as its new executive director, effective January 29th.