American Farm Bureau Federation: Record Drop in Farm Income Expected in 2024
February 09, 2024
February 09, 2024
NASHVILLE, Tennessee, Feb. 9 (TNSres) -- The American Farm Bureau Federation issued the following news release:
Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. Income is estimated to be nearly $40 billion lower this year compared to 2023, down more than 25%. American Farm Bureau Federation economists analyzed the latest USDA data in a Market Intel.
Net farm income is the profit farmers see after paying for operating expenses. . . .
Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. Income is estimated to be nearly $40 billion lower this year compared to 2023, down more than 25%. American Farm Bureau Federation economists analyzed the latest USDA data in a Market Intel.
Net farm income is the profit farmers see after paying for operating expenses. . . .