
Farm Sector Profits Forecast to Fall in 2023
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%...