USDA’s Economic Research Service forecasts inflation-adjusted U.S. net cash farm income, to increase by $30.6 billion from 2024 to nearly $194 billion in the coming year. U.S. net farm income, a broader measure of farm sector profitability, is forecast to increase by nearly $38 billion in the same timeframe. The projected growth comes after net farm income declined in 2023 and is forecast to have declined in 2024.
