Farm Income Forecast Erases 2022 Gains
MARKET INTEL | 2023 USDA USDA’s most recent Farm Sector Income Forecast, released February 7, anticipates a decrease in net farm income for 2023. U.S. net farm income, a broad measure of farm profitability, is currently forecast at $136.9 billion, down 15.9% from 2022’s $162.7 billion. This $25.9 billion decline erases the $21.9 billion increase […]