Net Farm Income Expected To Fall Nearly 1% In 2026

USDA released it first projections for 2026 net farm income Thursday.

“Net cash farm income is forecast at $158.5 billion, which is an increase of about $4.6 billion, or 3%, in 2025," said USDA economist Carrie Litkowski.  "Net farm income is forecast to fall $1.2 billion, or almost 1%."

Litkowski said even with the expected decline in net farm income this year, the forecast would remain above the 20-year average in inflation-adjusted dollars.  And as for net cash farm income, when adjusted for inflation, 2026 forecast reveals a $1.7 billion increase from the previous year.

“Net cash farm income measures sales when they incur," Litkowski added.  "So it's measuring cash receipts. Crop cash receipts are forecast to increase. Net farm income instead measures the value of crop production, and that is forecast to decline.”

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