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Drops in commodity returns, government payments pulling down 2023 farm income projections

08/31/23 2:34 PM By Noah Wicks
KEYWORDS cash receipts Economic Research Service ERS farm income forecast income

The Agriculture Department expects net farm income to decline in 2023 amid falling agriculture commodity revenues, higher production expenses and a decline in direct payments from the government.


Noah wicks cropped

Noah Wicks
Associate Editor

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