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U.S. net farm income and net cash farm income, inflation adjusted, 2004–25F

by Farm Income Team
2/6/2025

Farm Sector Income & Finances

A line chart shows U.S. net farm income and net cash farm income in inflation-adjusted dollars, for the years 2004 through a forecast for 2025F.

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Net farm income, a broad measure of profits, is forecast to increase in 2025 after declining in 2023 and 2024 from a record high in 2022. Forecast at $180.1 billion for 2025, net farm income would be $41.0 billion (29.5 percent) higher than in 2024. Net cash farm income is forecast at $193.7 billion for 2025, an increase of $34.5 billion (21.7 percent) relative to 2024 (not adjusted for inflation).

U.S. net farm income and net cash farm income, inflation adjusted, 2004–25F

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