Farm Income to Drop in 2023

Farm sector income is expected to drop in 2023. Net farm income is forecast to decrease by $25.9 billion or 15.9% from 2022 to $136.9 billion in 2023. Net cash farm income is forecast to decrease to $150.6 billion in 2023, a decrease of $39.4 billion or 20.7% from 2022, according to the U.S. Department of Agriculture (USDA) Economic Research …