AFBF: USDA Slashes 2025 Farm Income Outlook, Sets Baseline for ‘Significant Pressure’ into 2026

Danny Munch of the American Farm Bureau joined us to discuss USDA’s latest farm income forecast, revisions to prior estimates, and what the updated data means for farmers heading into 2026.

WASHINGTON, D.C. (RFD NEWS) — The U.S. Department of Agriculture (USDA) released its first Net Farm Income Forecast since September, providing an early look at the financial conditions facing farmers in 2026. The report also includes revisions to USDA’s previous estimates for 2025, reshaping how last year’s farm economy is viewed and establishing a new baseline for the year ahead.

American Farm Bureau Federation (AFBF) economist Danny Munch joined us on Friday’s Market Day Report to break down the latest forecast and what it signals for the broader farm economy.

In his interview with RFD NEWS, Munch explained that the new outlook offers insight into how producers may fare financially in 2026, as income pressures continue across much of the agricultural sector.

The updated report also revises figures released last fall, and Munch highlighted how the new numbers differ from the September forecast. Those changes reflect shifts in commodity prices, production costs, and government payments that altered the final picture of farm income in 2025.

Munch addressed how rising farm debt and ongoing income declines are affecting farmers, and how producers are adjusting their operations and financial strategies to manage continued economic pressure.

Related Stories
For farmers, better data may not solve every local rail problem, but it can make service failures easier to document.
Smaller exporter crops and lower global stocks could keep wheat markets sensitive to weather, trade, and shifts in demand.
Scientists say studying how cattle digest seaweed could help shape future livestock nutrition and sustainability efforts.
Emily Oberbroeckling says producers in northeast Iowa have made strong planting progress while continuing to monitor moisture conditions.
RFD News Farm Legal Expert Roger McEowen shares the major role of timing clauses in farmland sales, leases, and succession planning.
Jeff Frazier of Scoular discusses the early High Plains canola harvest, acreage growth in Kansas and Oklahoma, and theoutlook for planting and production.

LATEST STORIES BY THIS AUTHOR:

RFD-TV’s Tammi Arender and the Tennessee Beef Council make an easy, nutritious beef recipe to add to your summer cookbook.
LSU AgCenter’s Heather Kirk-Ballard shares how summertime is a great time to prepare for and plan out any large landscape projects you have for the fall.