In the first farm income projections for 2025, the USDA reported an increase of $41.0 billion in U.S. net farm income to $180.1 billion (nominal terms), up from $139.1 billion, which is the current forecast for 2024.  The inflation-adjusted net farm income is expected to expand by $37.7 billion in 2025 compared with 2024. This forecast indicates net farm income would be 44.8% up compared with its 20-year average, $124.4 billion, yet down from 2022’s record high in inflation-adjusted value.

According to USDA, Net cash farm income is projected to increase to $193.7 ...