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Feb. 12, 2025 by Tyne Morgan, AgWeb.com Last year's initial net farm income forecast showed the two largest consecutive declines in net farm income history, the picture seems to be improving in 2025. According to USDA's Economic Research Service, the first net farm income forecast of the year shows net farm income is expected to reach $180.1 billion, up $41 billion from 2024, while net cash farm income is projected to hit $193.7 billion, a $34.5 billion increase. A staggering 34.5% increase in government payments, from $9.3 billion in 2024 to $42.4 billion in 2025, is the key factor behind the income boost. Yet, when you look at the specifics, economists continue to be more bullish when it comes to livestock, specifically cattle. According to economists in the January Ag Economists' Monthly Monitor survey, shrinking supplies and strong demand are the two major drivers of the historic run in cattle prices. And that's why out of the 10 major commodities, economists are most bullish on cattle in 2025. Other issues addressed include: Recession in Row Crops? Consolidation Concerns The Main Factors Driving the Ag Economy Trump's Priorities and the Impact on Ag Direct Payments to Farmers Future of the Farm Bill 45Z and Impact on Farmers Trump's Key Cabinet Picks To read the entire report click here. Tweet |
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