Perspectives and Strategies for Dealing with Low Farm Incomes in 2024 and Beyond

Gary Schnitkey, Nick Paulson, Brad Zwilling, Brittney Goodrich, Carl Zulauf and Jim Baltz

farmdoc daily, 2025, vol. 14, issue 183

Abstract: Net incomes on many Midwest grain farms will be negative in 2024, some of the lowest in the past thirty years. Low incomes could continue into future years. Herein, we present eight strategies for dealing with low incomes. Also, prospects for ad hoc Federal payments are discussed. Ad hoc disaster payments could present issues regarding slowing necessary economic adjustments within the agricultural sector.

Keywords: Agribusiness; Crop Economics; Farm Income; Weekly Farm Economics (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:illufd:358423

DOI: 10.22004/ag.econ.358423

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