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9_IbendahlOBrien_NFI.pdf
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🔗 Source: agmanager.info
📊 Size: 642 KB
👤 Author: Rich
⬇️ Downloads: 87

Summary

Agricultural Economics predictions indicate a rebound in Net Farm Income (NFI) for 2023 but a downturn in 2024 due to quickly changing conditions such as grain prices, expenses, and crop conditions. Weather, particularly the Russia/Ukraine conflict and El Niño, will impact yields and prices. Higher beef revenue and government payments are expected, but crop insurance and grain revenue will depend on various factors. Lower fertilizer and fuel prices should help with farm expenses, with declines in fertilizers, fuels, and herbicides, while other categories follow the Consumer Price Index (CPI) pattern. Overall, expenses have decreased since last year, with fertilizer prices peaking in mid-2022 and declining since, while herbicides prices are up 60% over two years.

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Agricultural Economics predictions indicate a rebound in Net Farm Income (NFI) for 2023 but a downturn in 2024 due to quickly changing conditions such as grain...

Technical Information

  • File Format: PDF
  • File Size: 642 KB
  • Pages: 11
  • Language: EN
  • Author: Rich
  • Total Downloads: 87
  • Last Updated: 1 week ago

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