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

Daily Yonder

MARCH 14, 2024

A long awaited rule that changes which meat and poultry goods can bear the label “Product of U.S.A.” Small farmers and ranchers in rural America especially felt the brunt of this. farmers and ranchers has been in decline in recent years as big corporations merge producers in the meat, poultry, and egg markets. The number of U.S.

Net Farm Income 121

Net Farm Income Poultry Production Marketing 121

NASDA

SEPTEMBER 28, 2023

As a result of persistently high input costs and rapidly declining commodity and food crop prices, the USDA now projects that this year’s drop in both net farm income and net cash income will be the largest decline of all time, down $42 billion and $54 billion, respectively.

Farming 130

Farming Farming Net Farm Income Agriculture 130

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. Livestock and Poultry: +17.9% percent in 2023 after accounting for inflation.

Farming 105

Farming Farming Net Farm Income Poultry 105

Todays Farmer Magazine

APRIL 28, 2023

Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022. Cattle, hog, poultry and milk prices all increased in 2022. Federal spending on farm-related programs was above the historical norm between 2019 and 2022, largely because of short-term, ad hoc programs.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52

National Sustainable Agriculture Coalition

MAY 10, 2024

On May 1, 2024 – after months of stalled farm bill negotiations on both sides of Capitol Hill – Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) released a detailed section-by-section summary of her farm bill proposal. Conservation and Climate The benefits of on-farm conservation programs are widespread.

Ruralism 110

Ruralism Food Farming Farming 110