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2025 farm income expectations are low

An Ohio State University professor says budgets won’t get easier for farmers in 2025.  Farm Income Enhancement Chair Ani Katchova says income in 2024 is expected to be down by 4%. “It’s coming off last year’s decline in farm income,” she says. “For two years...

Nebraska’s 2024 net farm income expected to decrease

An ag economist says Nebraska’s 2024 net farm income is expected to decrease. Brad Lubben, with the University of Nebraska tells Brownfield… “A big drop in crop receipts, continued pressure on production costs and that ends up with about a $1.5 billion decline in...

A lower net farm income expected in MO

Missouri’s net farm income is expected to decline again this year for the second year in a row. In a new report, the University of Missouri’s Rural and Farm Finance Policy Analysis Center says 2024 net farm income is $3.66 billion. However, this is...

Declining income expectations have farmers concerned about their financials

An ag economist says farmers are expressing more concern about their farm balance sheets for 2025. Jim Mintert with Purdue’s Center for Commerical Ag tells Brownfield farmers surveyed in the latest Ag Economy Barometer are worried lower commodity prices are impacting operations.  “Even with...

Farm income up August, input costs lower

U.S. farm income shot higher in August as input costs moved lower. The USDA says the index of prices received by farmers was up 3.8% from July on increases for milk, market eggs, strawberries, and peaches, which canceled out decreases in corn, soybeans, cotton,...

Lower crop prices mostly responsible for net farm income decline

The director of the University of Missouri’s Food and Ag Policy Research Institute says lower crop prices take most of the blame for a continued decline in net farm income. Pat Westhoff tells Brownfield there’s lower crop prices across the board. “If you take...

Higher livestock revenue helps overall farm income

Ag economist Scott Brown says there’s been a shift in U.S. farm income.  “A lot of things are moving better for livestock,” he says. “Unfortunately, on the crop side, income is not moving in the same direction.” He tells Brownfield crop receipts have declined...

Low farm income anticipation weighs on future expectations

Farmers surveyed in the latest Purdue University/CME Group Ag Economy Barometer are expressing greater concern about how weakening commodity prices could impact farm income. Jim Mintert with Purdue’s Center for Commerical Agriculture says… “The Farm Financial Performance Index gave us one of the weakest readings...

Kansas Senate Approves Elimination of Taxes on IRA Income

TOPEKA, Kan. (KNS) — The Kansas Senate has approved a bill eliminating state taxes on all income from retirement accounts, like Social Security and 401K accounts. The measure is now headed to the House for consideration.The change is estimated to add $260 million in...
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