ERS

Farm Sector Profits to Grow in 2025
Farm Sector Profits to Grow in 2025
Farm Sector Profits to Grow in 2025
ERS is forecasting inflation-adjusted U.S. net cash farm income, better known as gross cash income minus cash expenses, to increase by $30.6 billion from 2024 to $193.7 billion in 2025.  U.S. net farm income, a broader measure of farm sector profitability, is forecast to increase by $37.7 billion...
USDA: Production Expenses Expected Lower In 2024
USDA: Production Expenses Expected Lower In 2024
USDA: Production Expenses Expected Lower In 2024
In a typical year, American farmers can expect to pay more than the year before for production expenses.  But the USDA's new farm income forecast is a bit of a surprise.  A forecast for lower production expenses.   ERS’ Spiro Stefano said prices that farmers are getting for many of their crops continue to fall.  The USDA is projecting a 12%...
2024 Farm Income Forecast Down Year-Over-Year
2024 Farm Income Forecast Down Year-Over-Year
2024 Farm Income Forecast Down Year-Over-Year
USDA's New farm income forecast for this year has U.S. farmers making a lot less money than last year.   “Net cash farm income for 2024 is forecast at $154 billion, which is about a 7.2% drop from 2023," said Spiro Stefano  who runs USDA's Economic Research Service.  He noted that crop...
Food-at-Home Price to Increase Almost 9%
Food-at-Home Price to Increase Almost 9%
Food-at-Home Price to Increase Almost 9%
Economic Research Service publishes its price forecasts in the monthly Food Price Outlook report.  The FPO forecasts food-at-home prices will increase by 8.6% in 2023, with a prediction interval of 5.6%-11%.  Forecasts now include a midpoint and a prediction interval to represent the expected price change and range of likely prices. The pred...

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