USDA’s most recent Farm Sector Income Forecast, released Aug. 31, dropped net farm income expectations for 2023 lower than initial February estimates to $141.3 billion, down 23% from 2022’s $183 ...

Even with the rise in fertilizer and fuel prices, net farm income hit a record in 2022. Now, USDA ERS says 2023 could be a different story, forecasting net farm income to fall nearly 16% this year.

USDA is projecting that net farm income will increase sharply this year, largely due to an infusion of $31 billion in disaster aid and market relief assistance provided by Congress in December. Net ...

The U.S. Department of Agriculture is lowering its initial forecast for farm earnings in 2025 as declines in the crop sector more than offset soaring incomes for cattle producers. Net cash farm income ...

Deere & Company DE has been facing challenges due to weak farmer spending amid low commodity prices. This weighed on its earnings and share price performance. The U.S. Department of Agriculture’s ...

photo credit: Arkansas Farm Bureau, used with permission. A significant portion of the decline in net farm income is linked to an expected dramatic decrease in federal support to producers assuming ...