farm income

The Farm Credit System says the U.S. economy entered 2025 with key indicators in favorable positions.  Expectations for first quarter growth have been reduced, however, by weaker personal consumption, higher imports, and uncertainty around changes in global trade.   ...

Prior to the President's Day weekend on the patio at USDA Headquarters, Texas’ Brooke Rollins, welcomed by USDA officials, staff and dignitaries, one day after taking the oath of office as the Nation’s 33rd Agriculture Secretary.  She joins...

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...

The USDA released new farm income forecast numbers, and while they're not drastically different from previous reports this year, they seem to take on more meaning the closer we get to the end of the calendar year.  Carrie Litkowski, senior economist with USDA Economic Research Service, said farm income is on the decline.  ...

Net farm income, a broad measure of profits, is forecast at $149.7 billion in calendar year 2024, down by $6 billion, or 4.1%, relative to 2023.  Inflation-adjusted farm income is forecast to drop by $9.5 billion, which comes out to 6.3%.  Desp...

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%...

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...

Ag credit stress was limited in the second quarter of 2024 but showed signs of tightening amid lower crop prices and rising input costs.  Those are the findings from a survey by the Federal Reserve Bank in Kansas City.  Farm income in the Tenth Federal Reserve District dropped faster than in recent quarters amid lower crop prices and increased expenses.   “Despite s...

The USDA is forecasting that farm commodity prices will drop in the year ahead and production input costs will stay or even move higher.  For producers, the question is: when/if input prices follow those output prices lower.   “We are forecasting that fertilizer and feed expenses will decline in 2023, yet they will remain high," noted USDA economist Carrie Litkowski. She added expenses for m.

Will the nation's farm sector generate yet another record amount of net income in 2023 as it's done the last two years?   “No, but the expectation is it will still be an above average year.”   USDA chief economist Seth Meyer told the USDA Outlook Forum last week that he expects net cash farm income this year to be $150.5 billion, which, if ...