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Farmincome is expected to take a turn in 2025, after two years of consecutive decline. agricultural economy faced financial headwinds in 2024, but new USDA farmincome projections indicate that netfarmincome will increase in 2025, largely due to the substantial rise in government payments.
Farmers can expect the largest recorded year-to-year dollar drop in netfarmincome 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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