Net farm income slipped 6% this year, USDA says

12/03/24 11:03 AM By Philip Brasher

USDA’s latest forecast for farm earnings estimates that net farm income will be down 6.3% this year to $140.7 billion, when adjusted for inflation. USDA estimates net cash farm income will be 3.5% lower this year at $158.8 billion.

Philip Brasher
Editor in Chief

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Agri-Pulse Open Mic: Adam Bergman, EchoTech Capital

This week’s Open Mic guest is Adam Bergman, Managing Director at EchoTech Capital. While opinions still widely vary regarding what sustainability really means, Bergman stands in the gap between would be investors and those willing to adopt certain sustainable practices. In agriculture the topics include regenerative farming, a vast array of climate smart practices and even indoor farming. Washington has proven that financial support for renewable fuels as well as electricity from solar and wind sources can influence growth. Moving forward, the question remains which energy sources will see favor from Capitol Hill and what agricultural practices investors will support toward a greener environment and stronger food security.

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Agri-Pulse Newsmakers: April 4, 2025: Sen. Hoeven on tariffs, budget reconciliation

President Trump unveiled a massive tariff plan this week adding a 10% across-the-board tariff on imports, plus a higher reciprocal tariff on many U.S. trading partners. We asked Sen. John Hoeven, R-N.D., how the tariffs will affect producers and how farm bill elements may be incorporated into budget reconciliation.

Then, the American Soybean Association's Virginia Houston and Joe Glauber from the International Food Policy Research Institute discuss which producers could be hurt the most by the tariffs and how farmers' cost of production will increase.

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