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U.S. net farm income to increase in 2025

by Farm Income Team
9/3/2025

Farm Sector Income & Finances

A line chart showing U.S. gross farm income, production expenses, and net farm income (inflation adjusted) for the years 2005 through a forecast for 2025.

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Gross farm income reflects the total value of agricultural output plus Government farm program payments. Net farm income (NFI) reflects income after expenses from production in the current year and is calculated by subtracting farm expenses from gross farm income. NFI considers cash and noncash income and expenses and accounts for changes in commodity inventories. In 2025, inflation-adjusted NFI is expected to increase by 37.2 percent from 2024 to reach $179.8 billion. Farm production expenses are projected to remain comparable to the 2024 level, increasing by $0.3 billion (or 0.1 percent), after adjusting for inflation.

U.S. net farm income to increase in 2025

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