The fortunes of the agricultural sector have a major impact on the prices we pay for essential goods and, therefore, the wider economy. To help you understand what is going on in the economy our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…
Farmers have another tough year ahead. Farm income is expected to decline for the second consecutive year after a record 2022. Farm income will fall by $39.8 billion, or 25.5%, in nominal dollars. The bulk of the decline will come from lower cash receipts for crops and livestock, as commodity prices continue to decline after their 2022 spike.
