The University of Minnesota and the Southern MN Agricultural Center of Excellence released the 2024 Farm Business Management Summary for southern Minnesota earlier this spring. The summary showed that ...

The Agriculture Department is lowering its forecast for farm earnings in 2025 as declines in the crop sector more than offset soaring incomes for cattle producers. Net cash farm income, a measure of ...

USDA is projecting that net farm income will increase sharply this year, largely due to an infusion of $31 billion in disaster aid and market relief assistance provided by Congress in December. Net ...

Farm income is expected to be above 2024’s level, but this year the increase was tied to record livestock prices and government payments. Net cash farm income was set at $180.7 billion and net farm ...

USDA–Economic Research Service (ERS) has released updated projections for 2024 farm income, and though it’s still anticipated to decline, the outlook doesn’t look quite as dim as it did earlier this ...

Farm income is projected to have decreased in 2024 according to the latest USDA report. (Photo by Preston Keres/USDA) Farm income is forecasted to have decreased in 2024 by 4% from 2023, largely ...

MFP and CFAP allows your average adjusted gross income (AGI) to exceed $900,000 as long as more than 75% of your income is from farming. Average AGI is based upon a three-year average excluding the ...