Those differences can be seen as farmers close out the books for 2023. “If we just look year-over-year, it was tax planning to no end last year and what are we going to do with the profitability and how do we manage that.” said Keith Olander, executive director, AgCentric. “This year we’re certainly going to see a reduction in income. I think USDA is looking at 15 percent down.” 2023 can be considered an average year for many grain farmers. The animal agriculture sector took a bigger hit, especially the dairy and swine sectors.
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