Direct Payments Key to Farm Income Growth in 2025

Net cash farm income for the calendar year 2025 is forecast at $193.7 billion, up 22 percent from 2024. Net farm income is forecast at $180.1 billion, up 29.5 percent from the prior year. “When you look at net cash farm income and net farm income, it’s not from cash receipts we’re seeing that jump in farm income,” said Seth Meyer, chief economist, USDA. “It’s from direct government payments.” Major crop commodity cash receipts are expected to decline.