net cash farm income

There are several reasons behind the USDA forecasting a 21% drop in net cash income for farmers this year, but one of the more obvious reasons is the roughly 34% drop in government payments.  USDA chief economist Seth Meyer said 2023 will mark a couple of years in a row of direct government payments declining.  Meyer s...

Earlier this week, we told you USDA projects 2022 calendar year net farm income up nearly $20 billion, or 13.8% from 2021.  What’s driving that increase?   “Predominantly, this is a price play with 97% of that increase in cash receipts attributable to increases in price," said American Farm Bureau Federation Senior Economist Veronica Nigh.  "Now, it's not just all ...

Net farm income for U.S. farmers is forecast at $160.5 billion in 2022, a $19.5 billion increase over 2021.  The December Farm Sector Income and Finances report shows net cash farm income forecast at $187.9 billion in 2022, $29 billion higher than in 2021.  Cash re...

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 Department of Agriculture's Economic Research service projections for farm profits are mixed through 2030. USDA ERS provides forecasts for net cash farm income and net farm income, two major profitability indicators of the agricultural sector ...

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 ...