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.
Daily Yonder
MARCH 14, 2024
Small farmers and ranchers in rural America especially felt the brunt of this. From 2022 to 2023, net farm incomes dropped by $41.8 “[Product of U.S.A. loopholes] enabled [the meat packers] to be able to sell cheap beef to consumers and make people think that they were actually buying an American made product,” Irby said.
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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.
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
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.
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.
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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