ProAg

DECEMBER 1, 2023

Meanwhile, farm sector equity is slated to increase by nearly 7% to $3.57 Read more on the net farm income projections and USDA research here. The post USDA Increases Net Farm Income Projections, Still Lower in 2024 appeared first on ProAg.

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Net Farm Income Farming Farming 52

Western FarmPress

NOVEMBER 21, 2024

Projections show a sharp decline in net farm income in Nebraska for 2024 and into 2025, but an Ainsworth, Neb., farm family makes a strategic plan to navigate volatile markets.

Net Farm Income 126

Net Farm Income Farming Farming Marketing 126

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

AgWeb Farm Journal

FEBRUARY 7, 2024

USDA’s initial forecast calls for net farm income to plunge $39.8 million (25.5%) to $116.1 billion in 2024.

Net Farm Income 113

Net Farm Income Farming Farming 113

Western FarmPress

MAY 8, 2024

Bottom Line: Even after a good year, North Dakota farmers see a sharp decrease in average net farm income.

Net Farm Income 111

Net Farm Income Farming Farming 111

Western FarmPress

OCTOBER 15, 2024

USDA's Net Farm Income data is misused and abused. Significant losses in crop agriculture are being masked by the recent boom in profitability of livestock operations.

Net Farm Income 111

Net Farm Income Farming Farming Livestock 111

Western FarmPress

OCTOBER 16, 2024

USDA report on net farm income doesn’t provide a clear picture of the U.S. farm economy.

Net Farm Income 105

Net Farm Income Farming Farming 105

Western FarmPress

JANUARY 6, 2023

K-State agricultural economist cautions farmers that 2023 could be tougher.

Net Farm Income 52

Net Farm Income Farming Farming Agriculture 52

Western FarmPress

SEPTEMBER 10, 2024

Mike Pearson tells listeners how a strong livestock sector is keeping net farm income up. In February, the USDA predicted net farm income would fall 25 percent in 2024. Now, the agency says the drop is much smaller than predicted.

Net Farm Income 59

Net Farm Income Farming Farming Livestock 59

Western FarmPress

DECEMBER 16, 2024

Ag Marketing IQ: Regardless of whether the Fed lowers interest rates, global production and tariff turmoil spill numbers that drive down net farm income by another $1 billion.

Net Farm Income 52

Net Farm Income Grain Marketing Production 52

Trimble Agriculture

JANUARY 17, 2024

Lower agricultural commodity prices are contributing to a decline in net farm income in 2024. This, combined with higher input costs, fewer government payments, and rising interest rates, is leading to a drop in net farm income. In 2024, net farm income is predicted to follow a similar pattern of decline.

Marketing 104

Marketing Net Farm Income Agriculture Agriculture 104

Agricultural Economics Insights

JANUARY 21, 2024

The first graph – from U.S.D.A – shows how net farm income has had two periods of very strong farm profitability during the last 20 years. agriculture has experienced the strongest income period since World War II, which is a fundamental reason for higher land prices today. Figure 1 – U.S.

Net Farm Income 67

Net Farm Income Farmland Farming Farming 67

Agwired

DECEMBER 3, 2024

While the report compares different measures of farm income, the bottom line is that, adjusted for inflation, net farm income is forecast to decrease by $9.5 Net cash farm income is forecast to decrease by $5.7 That compares to a 19 percent decline in net farm income last year and a 23.5

Net Farm Income 49

Net Farm Income Farming Farming Family Farming 49

Daily Yonder

MARCH 14, 2024

From 2022 to 2023, net farm incomes dropped by $41.8 The number of U.S. farmers and ranchers has been in decline in recent years as big corporations merge producers in the meat, poultry, and egg markets. billion, according to USDA data. Irby predicts profits will rise for American producers once the new “Product of U.S.A.”

Net Farm Income 122

Net Farm Income Poultry Production Marketing 122

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

NASDA

SEPTEMBER 28, 2023

To manage risk, it’s important for America’s farmers, growers, and ranchers to be supported by strong farm bill programs as they face extreme weather conditions, natural disasters, high supply costs and inflationary pressures – all of which farmers, growers, and ranchers are facing right now.

Farming 130

Farming Farming Net Farm Income Agriculture 130

ProAg

SEPTEMBER 5, 2023

USDA released its August 2023 Farm Income Forecast, casting a stark projection of a $41.7 billion loss in year-over-year income. While 2022 was a record-setting year at $183 billion in net farm income, the inflation-included 25.4% Net cash farm income is expected to fall 26.5%

Net Farm Income 52

Net Farm Income Farming Farming Poultry 52

Trimble Agriculture

SEPTEMBER 20, 2023

In 2022, landowners experienced record high farm income, with net farm income reaching $183 billion. Net Farm Income and Cash Farmer Income, Inflation Adjusted (billion dollars) Note: F = forecast. But in 2023, that number is predicted to fall 22 percent.

Farming 105

Farming Farming Net Farm Income Poultry 105

ProAg

OCTOBER 31, 2023

The more than 60 professionals surveyed mostly agreed that the current healthy farm economy is a driving reason behind the delay. Economists expect 2023 net farm income to top $140 billion, and project 2024 to be closer to $130 billion. The reason?

Net Farm Income 59

Net Farm Income Farming Farming Agriculture 59

Trimble Agriculture

NOVEMBER 22, 2023

As COVID-era funding runs out and input costs continue to rise, farm income is expected to fall 22 percent in 2023. Even so, it’s important to understand that farm liquidity remains strong and net farm income will still remain well above the 10-year average. billion to $140.4

Farmland 69

Farmland Marketing Net Farm Income Real Estate 69

ProAg

JULY 21, 2023

The monitor forecasts net farm income to fall $132.8 Ongoing volatility in both Ukraine and China is a driving force in both near- and long-term uncertainty. Compared to June, the outlook for the future is much more positive, though short-term outlooks declined. billion this year, below the $134.7 billion forecast in June.

Net Farm Income 52

Net Farm Income Marketing Farming Farming 52

ProAg

NOVEMBER 28, 2023

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. Fresh in November is renewed optimism regarding crop prices for harvest next fall.

Net Farm Income 52

Net Farm Income Harvester Harvest Harvesting 52

Agricultural Economics Insights

SEPTEMBER 25, 2023

While we anticipated farm interest expense to increase meaningfully, the $8.4 billion jump from 2022 levels, a 34% increase, will leave a dent in farm budgets. A Look Back At Farm Interest Expenses Figure 1 plots real, or inflation-adjusted, farm interest expense going back to 1970. Second, the expense in 2023 is $11.2b

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Net Farm Income Farming Farming Agriculture 62

ProAg

AUGUST 30, 2023

The Cornell Pro-Dairy Dairy Farm Business Summary revealed an optimistic financial analysis of 2022, surveying farms of all sizes. Data disclosed that net farm income at least doubled compared to 2021 for farms of all sizes.

Net Farm Income 52

Net Farm Income Farming Farming Marketing 52

ATTRA

JUNE 1, 2024

Farmers enrolled in the Minnesota Agricultural Water Quality Certification Program (MAWQCP) have higher profits than non-certified farms , according to five years of data from the Minnesota State Agricultural Centers of Excellence.

Net Farm Income 40

Net Farm Income Farming Farming Agriculture 40

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.

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Net Farm Income Real Estate Supply Chain Crop 52

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.

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Net Farm Income Manufacturing Crop Agriculture 45

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 cash receipts for commodities tick down and direct government payments fall, many operators are looking for ways to reduce costs and increase farm profitability.

Farming 98

Farming Farming Finance Net Farm Income 98

Agribusiness Blog

MAY 26, 2021

For example, assume that Clara is trying to report $150,000 of farm income for 2021. When John prepares her tax return, he realizes that net farm income is actually negative $25,000. Clara elects to bring into income the $75,000 and $100,000 contract bringing her farm income to $150,000.

Net Farm Income 52

Net Farm Income Farming Farming Crop 52

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. The USDA’s latest estimate of U.S.

Farming 62

Farming Farming Net Farm Income Farmland 62

Agribusiness Blog

NOVEMBER 27, 2022

This can cause many farmers to no longer qualify as a farmer for estimated tax purposes, even though gains on selling farm equipment still qualifies for farm income averaging. A farmer who is partner in a farm partnership will have their share of gross farm income reported on their Schedule K-1.

Net Farm Income 52

Net Farm Income Farming Farming 52

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.

Real Estate 62

Real Estate Farming Farming Net Farm Income 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

Trimble Agriculture

SEPTEMBER 11, 2024

Key Takeaways from the 2024 Farm Income Forecast Net farm income decreased by 19.5 In this article, we’ll break down the forecast’s essential points and provide actionable steps you can take to prepare for the challenges ahead. percent from 2022 to 2023, falling from a record-high of $182 billion to $146.5

Farming 59

Farming Farming Net Farm Income Finance 59

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

Trimble Agriculture

AUGUST 7, 2024

According to the latest USDA data, net farm income is forecast to fall 27 percent in 2024. Farmers face unique financial challenges, from fluctuating market prices to unpredictable weather conditions. The combination of high input costs and lower commodity prices is creating financial strain for farmers.

Finance 59

Finance Net Farm Income Marketing Farming 59

ProAg

SEPTEMBER 12, 2023

farm income in history. The department’s most recent farm income forecast projected a sharp 23% decline in profits compared to 22. 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.

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Farming Farming Poultry Livestock 59