CHICAGO, Ill. (Reuters) — U.S. farm income will fall for a second consecutive year in 2024 but not as much as previously expected as prices of livestock and egg products boom and production expenses ease, the U.S. Department of Agriculture says. Declining farm income could ripple across the rural economy in a presidential election year […] Read more
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U.S. farm incomes to plummet
CHICAGO, Ill. (Reuters) — U.S. farm incomes are forecast to fall sharply for a second consecutive year as direct government payments shrink, production costs surge and growing supplies of grain and oilseeds send crop prices plunging to multi-year lows, the U.S. Department of Agriculture reported earlier this month. Declining income could lead to a ripple […] Read more
U.S. farm income takes a hit but remains strong
Incomes are expected to fall by $41.7 billion from last year but continue to be much higher than the 2003-22 average
The U.S. Department of Agriculture is forecasting the sharpest decline in farm income in the history of that country. U.S. net farm income is forecast at US$141.3 billion in 2023, a $41.7 billion drop from 2022 levels. However, that will still be one of the best years on record and well above the 2003-22 average. […] Read more
U.S. farm income takes a hit but remains strong
Incomes are expected to fall by $41.7 billion from last year but continue to be much higher than the 2003-22 average
The U.S. Department of Agriculture is forecasting the sharpest decline in farm income in the history of that country. U.S. net farm income is forecast at US$141.3 billion in 2023, a $41.7 billion drop from 2022 levels. However, that will still be one of the best years on record and well above the 2003-22 average. […] Read more
