5 votes

Government payments drive US farm income surge in 2025

Posted by skybrian
Tags: economics, usa, politics.usa, republican party, donald trump, agriculture, farming, income, government, year in review.2025, author.jim wiesemeyer, source.agweb, short read
https://www.agweb.com/news/policy/ag-economy/government-payments-drive-u-s-2025-farm-income-surge

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Published
Feb 6 2025
Word count
257 words

1 comment

  1. skybrian
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    From the article: [...] Here is commentary by Sarah Taber.

    From the article:

    The U.S. farm sector is poised for a significant increase in net farm income in 2025, primarily driven by an unprecedented rise in government payments, despite a decline in overall farm revenues.

    According to the USDA’s Economic Research Service, net farm income is forecast to reach $180.1 billion, up $41.0 billion from 2024, while net cash farm income is projected to hit $193.7 billion, reflecting a $34.5 billion increase.

    [...]

    This surge is largely attributed to ad hoc disaster and economic assistance, totaling $35.7 billion, approved by Congress in December. Other direct payment programs, such as Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC), are also projected to rise significantly.

    Here is commentary by Sarah Taber.

    2 votes