Farm Income Forecast

Key Numbers from USDA’s Farm Income Forecast

Dan Economy, USDA-ERS

Farm Income Forecast
Image by AndreyPopov/DepositPhotos image

Farm production expenses may fall this year. USDA Chief Economist Seth Meyer has some key numbers from USDA’s 2024 Farm Income Forecast.

Meyer said a downward trend is being found in livestock feed prices, fuel, pesticide and fertilizer expenses. While some expenses are up from last year overall there is a bit of an easing on some input prices.