University of Missouri Rural and Farm Finance Policy Analysis Center Director Alejandro Plastina says net farm income could drop over 20 percent 2025. “We are seeing lower crop receipts because of lower crop prices, and particularly for 2025, lower livestock receipts that might bring net farm income down again into next year,” Platina told RRFN. “Luckily, we are also expecting lower production expenses, but I’m not sure if those production expenses will be enough to offset the decline in crop receipts and livestock receipts.” Plastina advises farmers to plan for the financial downturn.
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