By Danny Munch & Shelby Myers
American Farm Bureau Federation
USDA’s most recent Farm Sector Income Forecast, released Feb. 4, anticipates a slight decline in net farm income for 2022. U.S. net farm income, a broad measure of farm profitability, is currently forecasted at $113.7 billion, down 4.5%, or $5.4 billion, from 2021’s $119.1 billion.
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