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.

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Net Farm Income Farmland Farming Farming 67

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.

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Farming Farming Net Farm Income Agriculture 130

Trimble Agriculture

JANUARY 15, 2025

In 2025, net farm income is expected to decline , continuing a softening trend after record highs in 2022. Farm debt levels are projected to rise due to increased borrowing and high interest rates, though asset appreciation has kept debt-to-asset ratios relatively low. There are several ways you can do this.

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Farming Farming Net Farm Income Marketing 59

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. Source: USDA, Economic Research Service, Farm Income and Wealth Statistics.

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Farming Farming Net Farm Income Poultry 105

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. per bushel in 2022-23 fall to a projected $4.39 per bushel to a projected $10.73

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Net Farm Income Farming Farming Poultry 52

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%

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Net Farm Income Farming Farming Poultry 52

Todays Farmer Magazine

APRIL 28, 2023

Unfavorable weather, the Russian invasion of Ukraine, avian influenza and a host of other factors resulted in high commodity prices, high farm production costs and high consumer food price inflation in 2022. Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022.

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Net Farm Income Real Estate Supply Chain Crop 52

Trimble Agriculture

JULY 5, 2023

The USDA expects a decrease in farm sector profits this year. Net farm income is forecast at $136.9 Lower Input Costs Input costs differ from overhead costs as they are expenses directly associated with the production of commodities. billion—a decrease of nearly 16 percent compared to last year.

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Farming Farming Finance Net Farm Income 98

Trimble Agriculture

JANUARY 24, 2024

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. Gross Domestic Product (GDP) is falling behind.

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Net Farm Income Agriculture Agriculture Farming 59

NASDA

SEPTEMBER 10, 2024

Given the enormous challenges facing production agriculture – including a farm economy that has taken a downward spiral – it is imperative Congress act before year’s end to strengthen farm policy for America’s farmers. Farmers are struggling, and the decline in the farm economy is real. Department of Agriculture (USDA).

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Farming Farming Grain Supply Chain 130

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. Figure 1 shows inflation-adjusted dollars of working capital across all U.S.

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Farming Farming Net Farm Income Farmland 62

Agwired

FEBRUARY 9, 2024

consumers are paying more for chocolate products as confection manufacturers raise prices in response to the soaring cost of cocoa. Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. 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

NOVEMBER 15, 2023

Farm Sizes Vs. Farm Production Although nearly 90 percent of farms are considered “small” (an operation with gross cash farm income under $250,000), they only produce 18 percent of America’s agricultural products. Operations are getting larger. Nebraska: 13.8% New Jersey: 13.8% North Dakota: 13.2%

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Farmland Marketing Pasture Acre 59

Trimble Agriculture

SEPTEMBER 11, 2024

Key Takeaways from the 2024 Farm Income Forecast Net farm income decreased by 19.5 In fact, this was an upward revision from February’s farm income forecast, which predicted a $39.8 billion decline in farm income in 2024—a drop of more than 25 percent. billion (4.4 billion.

Farming 59

Farming Farming Net Farm Income Finance 59

ProAg

SEPTEMBER 12, 2023

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. Cash receipts for U.S.

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Farming Farming Poultry Livestock 59

Trimble Agriculture

AUGUST 7, 2024

According to the latest USDA data, net farm income is forecast to fall 27 percent in 2024. This spectrum of ag loans ranges from conventional to alternative, interest-only products to empower you with freedom through optionality.

Finance 59

Finance Net Farm Income Marketing Farming 59

National Sustainable Agriculture Coalition

MAY 10, 2024

They help farmers and ranchers keep drinking water clean for our urban and rural communities, build soil resilience and limit the impacts of severe drought and flooding, provide healthy habitats for wildlife, mitigate agriculture’s greenhouse gas (GHG) emissions, and support farm operations that are productive and sustainable long-term.

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Ruralism Food Farming Farming 110

Agwired

JANUARY 10, 2025

Farmers nationwide can maximize savings with the Propane Education & Research Council s (PERC) latest initiative, the 2025 Propane Farm Research Program (PFRP). soy production. Illinois is the No. HB 4439 acknowledges the contribution of the 43,000 hardworking soybean farmers across the state who feed and fuel the world.

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Net Farm Income Marketing Agriculture Agriculture 45

National Sustainable Agriculture Coalition

JANUARY 14, 2025

This would also have been a long term strategic investment in USDAs ability to help producers make their operations more resilient and productive in the face of extreme weather and volatile input prices. The discrepancy revealed much about which farm businesses the new Congress will be inclined to prioritize (i.e. billion.

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Net Farm Income Distribution Farming Farming 59