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.
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Co-Bank Lead Dairy Economist, Corey Geiger, joined us on Friday’s
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This Week in Louisiana Agriculture shows us why breaking even is going to be a challenge for corn producers across the state.
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Farmers are struggling with low commodity prices and skyrocketing input costs, resulting in debt that is outpacing income across the sector, according to the USDA’s new farm income forecast.
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The trustees’ 2025 annual report, released June 18, cited a law enacted this year as the primary reason why the funds are projected to run out a year earlier than previously projected.
August 26, 2025 10:50 AM
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