Articles tagged under: net farm income

All Regions Projected to See Higher Net Farm Income

Published February 20, 2026

U.S. net cash farm income is forecast to increase three percent this year. This figure varies by region. The Northern Great Plains and Heartland areas, which would include the Dakotas, are forecast to see a 22 percent increase in average…

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Farm Payments to Boost Farm Income

Published February 7, 2025

Net cash farm income is expected to total $180 billion in 2025, up almost $38 billion from this past year. USDA’s Economic Research Service credits this trend to increased direct government farm payments. Farm payments are forecast to increase from…

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#3 A Difficult Farm Economy

Published December 29, 2024

RRFN’s #3 story for 2024 is the weak farm economy. U.S. net farm income is down for the third consecutive year and another downturn is forecast for 2025. Declining commodity prices, high interest rates and sticky farm input costs are…

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Slightly Less Bearish News in Net Farm Income Forecast

Published September 9, 2024

USDA is forecasting 2024 net farm income at $140 billion. That’s 4.4 percent below the levels seen in 2023. That’s a big change from the February forecast when USDA predicted a 25 percent drop in net farm income. The credit…

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Farm Income Down

Published October 10, 2023

U.S. net farm income is expected to decline this year. NDSU Extension Ag Finance Specialist Bryon Parman says it isn’t a surprise that farmers will be seeing less profit, considering the economy is coming off of a record year for…

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Management Credited for MN Net Income Results

Published March 25, 2022

According to the Minnesota State Farm Business Management annual report, state farmers experienced the highest net farm income in 2021 than in the past seven years. "If we were to reflect back 12 months, we were worried about the high…

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Government Support for Agriculture to Decline in ’21

Published July 26, 2021

USDA’s Economic Research Service is estimating U.S. farmers received nearly $58 billion in federal assistance this past year. From that total, more than 60 percent came from the various COVID-19 relief programs. USDA is forecasting net farm income to decline…

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Minnesota’s Farm Business Management Program Completes ’20 Report

Published April 5, 2021

Nearly 2,300 farms are represented in the database. These farms spent an average of just under $1 million in their local communities. Direct crop inputs were the biggest expense category, totaling $185,000. Minnesota farmers enjoyed the highest net farm income…

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Not a Rosy Picture for All in Agriculture

Published February 15, 2021

Northland Community and Technical College Farm Business Management Instructor Josh Tjosaas says the Red River Valley has double the net farm income compared to one year ago, but it’s not a rosy picture for everyone. "There are farms that had…

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USDA Net Farm Income Forecast Shows Decline for 2021

Published February 8, 2021

USDA’s early projection for net farm income is $111.4 billion for 2021, a decline of $9.8 billion from 2020. American Farm Bureau Federation Chief Economist John Newton isn’t surprised with the expected decline. "Most folks anticipated we'd see a decline,…

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