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.” We will see profits increase for actual American beef producers because that will be the only product that’s labeled ‘product of the U.S.A.,’ to be labeled “Product of U.S.A” to be labeled “Product of U.S.A”

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

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. A statutory minimum payment of $4,000 per year.

Ruralism 110

Ruralism Food Farming Farming 110

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.

Farming 105

Farming Farming Net Farm Income Poultry 105

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.

Net Farm Income 59

Net Farm Income Agriculture Agriculture Farming 59

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.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52