net farm income

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%...

Last week, ERS released its September 2022 Farm Income Forecast.  American Farm Bureau Federation Economist Bernt Nelson said USDA revised farm income to be higher with net farm income up by $7.3 billion, a 5.2% year-over-year increase.  While e...

2020 was a record year for Idaho farmers when it comes to net farm income. Idaho Farm Bureau Federation’s Sean Ellis said the numbers wouldn't normally indicate a record year, as total expenses went up considerably last year while total farm gate revenue stayed the same. “ ...

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 ...

While challenging for individual commodities from time to time, 2020 continued a trend of solid farm economic growth in Idaho. Ben Eborn, Extension Ag Economist with the University of Idaho says farm GDP has grown at twice the rate of the state’s GDP. He ...

With the end of 2020, farmers net income is expected to be up almost $120 billion dollars. A year over year increase of $36 billion. But, the news isn't all good. "I think it's clear that 2021 is going to see a much lower farm income than 2020," said USDA Chief Economist, Robb Johannson ...

Net farm income, a broad measure of profits, is forecast to increase $36 billion to $119.6 billion in 2020. According to the Economic Research Service, in inflation-adjusted 2020 dollars, net farm income is forecast to increase by $35 billion, the fourth-straight year the income numbers have gone up ...

Photo: Idaho Farm Bureau Earlier this month, the USDA released 2019 farm income numbers, which showed Idaho tops in a variety of categories. Sean Ellis with the Idaho Farm Bureau Federation pointed out the Gem State is tops out of the 11 western states when it came to per capita Farm Cash Receipts in 2019 ...

Despite lower commodity prices and the ongoing pandemic, farmers may end up with higher incomes this year. "Net farm income now is forecast at $102.7 billion dollars, up almost 23% from last year," said USDA Chief Economist, Rob Johannson ...