farm income

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...
Limited Ag Credit Stress, But Signs of Pressure
Limited Ag Credit Stress, But Signs of Pressure
Limited Ag Credit Stress, But Signs of Pressure
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...
Farm Debt Could Return This Year
Farm Debt Could Return This Year
Farm Debt Could Return This Year
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.
Meyer Doesn’t Expect Record Income In 2023
Meyer Doesn’t Expect Record Income In 2023
Meyer Doesn’t Expect Record Income In 2023
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 ...

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