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Net farm income which is a broad measure of profitability in the agricultural economy, according to the agency is forecast to hit $116.1 billion in 2024 in nominal dollars, down 25.5%.
Net Farm Income in 2024 Forecast to Be Down 25% from Last Year fb.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fb.org Daily Mail and Mail on Sunday newspapers.
Department of Agriculture projections for farm sector returns project producers will experience the second consecutive year of a sizable drop in net income.
Debt is an important financial tool many producers utilize to expand their operations or improve profitability. The challenge is finding the sweet spot on how much debt to use, especially