NASHVILLE, Tenn. (RFD-TV) — The U.S. Department of Agriculture (USDA) reduced its 2025 Farm Income Forecast to $179.8 billion, down slightly from February’s $180.1 billion projection. Despite the adjustment, net farm income is still projected to rise nearly 40 percent compared to 2024, largely due to stronger livestock markets and a surge in government payments.
AgAmerica Lending notes that direct government payments are forecast at $40.5 billion, a 356 percent increase from last year, primarily tied to disaster aid and new farm program funding.
Crop markets remain under pressure, however, with receipts for corn, soybeans, and wheat expected to decline. In contrast, receipts for cattle, hogs, and poultry are forecast to be higher on tighter herds and stronger demand.
Rising production expenses remain a concern, with labor and livestock costs climbing even as feed, fuel, and pesticide expenses ease. Farm debt is also forecast to increase to $592 billion, but asset values—especially farmland—continue to support balance sheets. While the short-term outlook is positive, analysts stress that volatility in trade and interest rates could pressure farm finances in the longer term.
Tony’s Farm-Level Takeaway: Livestock and government payments provide a boost, but crop receipts and rising expenses continue to put pressure on margins. Strong financial planning remains key in a volatile environment.
Rural businesses report softer sales, tougher hiring, and restrained investment — a backdrop that can pinch farm support capacity even if posted prices cool.
November 12, 2025 12:22 PM
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Friday’s release will be the first WASDE report in about two months, and early estimates indicate a corn surplus is still on the way.
November 12, 2025 12:16 PM
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A Reuters report shows China has a soybean “glut,” finding stockpiles at Chinese ports are at record levels, with crushers there holding the most supplies since 2017.
November 12, 2025 10:55 AM
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The National Milk Producers Federation (NMPF) says recent wins in markets like Malaysia and Cambodia help farmers focus on production rather than trade barriers.
November 11, 2025 03:50 PM
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Kubota President Alex Woods discusses the “Geared to Give” program, the company’s commitment to those who served, and how the initiative continues to grow and impact veterans.
November 11, 2025 01:52 PM
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Tyson expects another year of beef-segment losses due to tight cattle supplies, even as chicken, pork, and prepared foods strengthen overall margins.
November 11, 2025 01:26 PM
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Export strength is concentrated in corn and wheat, while soybeans and sorghum lag, keeping basis and logistics dynamics highly commodity-specific into late fall.
November 11, 2025 11:21 AM
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Pasture, Rangeland and Forage (PRF) interval selection—not just participation—drives protection levels as rainfall patterns become less predictable across the South.
November 11, 2025 11:06 AM
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If the House concurs and the President signs, USDA services and farm-bill programs resume at full speed with authorities extended for another year.
November 11, 2025 10:46 AM
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