USDA FARM INCOME REVISIONS FOR 2025

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(SPRINGFIELD) The USDA’s September 3rd revisions to its 2025 farm income forecast, originally released in February, show U.S. farm sector profits are still expected to increase for this year. Forecast at $179.8 billion for 2025, net farm income would be $52 billion, 40.7% higher than a year ago in 2024. Meanwhile, net cash farm income is forecast to increase to $40.1 billion. The hikes are mostly driven by a boost in cash farm receipts in the livestock sector, expected to go up by 4.7% this year. Total production expenses, including those associated with operator dwellings, are forecasted to increase $11.9 billion in 2025, mostly led by labor costs, poultry & livestock purchases, and by funding interest.