Farm income is projected to have decreased in 2024 according to the latest USDA report. (Photo by Preston Keres/USDA) Farm income is forecasted to have decreased in 2024 by 4% from 2023, largely ...

USDA’s initial forecast calls for net farm income to plunge $39.8 million (25.5%) to $116.1 billion in 2024. This follows a decrease of $29.7 billion (16.0%) from to $155.9 billion in 2023. After ...

USDA’s most recent Farm Sector Income Forecast, released Nov. 30, projected a smaller – but still significant - drop in 2023 net farm income compared to August estimates. The $41.7 billion (23%) ...

After two strong years of growth, U.S. farm income is forecast to drop substantially in 2023 as commodity prices fall and expenses rise, the U.S. Department of Agriculture Economic Research Service ...