By Daniel Munch
American Farm Bureau Federation
Largely driven by a surge in disaster and economic government assistance, USDA’s latest farm income forecast projects a significant but misleading rebound in net farm income for 2025, rising to $180.1 billion — a $41 billion (29.5%) increase over 2024 and following two years of sharp declines. USDA also adjusted its 2024 estimate downward in this update, now projecting net farm income at $139.1 billion, reflecting an $8.2 billion (5.6%) decline from 2023. This is lower than the $140.7 billion (a $6 billion, or 4.1%, decline) forecast in December 2024, showing that farm sector profitability in 2024 was weaker than previously estimated.