American Farm Bureau Federation President Zippy Duvall commented on USDA’s net farm income data, which shows a 23% drop in on-farm income since 2022.
"The drop in net farm income is not just an economic hiccup, it’s evidence of an agricultural downturn. High inflation, severe weather and plummeting crop prices should serve as a wake-up call for Congress to finally step up and do the right thing by modernizing the farm bill.