USDA’s initial forecast calls for net farm income to plunge $39.8 million (25.5%) to $116.1 billion in 2024. This follows a decrease of $29.7 billion (16.0%) from to $155.9 billion in 2023. After ...

USDA’s Economic Research Service (ERS) will provide an updated 2024 net farm income forecast on Thursday. Even with improvements in livestock margins, the August Ag Economists’ Monthly Monitor showed ...

USDA’s September 2024 farm income forecast projects this to be yet another challenging year for American farmers, who are expected to lose nearly a quarter of their income in two years. Net farm ...

Discover the differences, advantages, and drawbacks of single-step vs. multiple-step income statements for better financial ...