cash receipts

ERS released the February Farm Income Forecast this week.  Net farm income, a broad measure of profits, is forecast at $136.9 billion for the year ahead, a decrease of $25.9 billion, or 15.9%, when compared to 2022.  After adjusting for inflation, net farm income is forecast to decrease $30.5 billion, or 18.2%...

In a few weeks when American producers close the books on 2022 they will have taken the overall farm sector income to record high levels.  ERS recently released its new farm income forecast for 2022 and it shows net cash farm income will be just under $188 billion.   “...

ERS forecasts inflation-adjusted U.S. net cash farm income to increase by $13.5 billion year-over-year or 8.7%.  Net cash farm income is gross cash income minus cash expenses and will reach $168.5 billion in 2022, the highest level since 2012.  In comp...

The USDA is forecasting net farm income to decrease $9.8 billion, or 8.1% in 2021, to $11.4 billion. The decline is largely driven by less expected government assistance to producers. In inflation-adjusted 2021 dollars, net farm income is forecast to decrease $12 billion in 2021 after increasing $37 ...

Late last week, the Farm Credit Agency issued its quarterly report on the economic conditions in American agriculture. The report said for the past several years, government payments have played an important role in the farm economy and making up an ever-increasing share of farm income ...