With the Meter Running, Remedies to Stanch Declining Farm Income Idle in Stalled Farm Bill
US agricultural revenues decreased $80 billion in 2023 with lower 2024 earnings forecast, marking the nation’s ‘largest two-year decline’ ever in farm income. The United States Department of Agriculture (USDA) estimates net farm income in 2023 decreased by 27.1 percent and that all agricultural sectors nationwide will generally see lower farmer incomes in 2024. If