USDA Economic Research Service

A green tractor harvesting sugar beets.

USDA projects farm income will fall in 2023 after two robust years

BY: - February 9, 2023

WASHINGTON — After two strong years of growth, U.S. farm income is forecast to drop substantially in 2023 as commodity prices fall and expenses rise, the U.S. Department of Agriculture Economic Research Service reported Tuesday. And with food prices projected to rise into 2023, the nation’s producers will not be reaping the financial benefits. The […]