Net farm income is expected to fall 0.7 percent this year, according to the U.S. Department of Agriculture. .Income is expected to total $153.4 billion, $1.2 billion lower than in 2025. Net cash farm income, a measure of short-term liquidity, is projected at $158.5 billion, up 3 percent or $4.6 billion from last year. In inflation-adjusted dollars, both measures would outpace their averages from 2005-24, according to the report. Farm cash receipts — the gross revenue farmers and ranchers get from selling ag commodities and from direct government program payments — is expected to fall $14.2 billion or 2.7 percent to $514.7 billion. Total crop receipts — gross income farmers receive from the sale of crops during a calendar year — is slated to increase 1.2 percent or $2.8 billion from 2025 to $240.8 billion amid higher receipts from corn. When adjusted for inflation, total crop receipts are slated to fall 0.7 percent. Total animal product receipts are expected to fall $17 billion or 5.8 percent to $273.9 billion this year amid a projected drop in receipts for both milk and eggs. Direct government farm payments are expected to shrink by nearly $14 billion to $44.3 billion for this year amid a rise in commodity prices along with continued supplemental and ad hoc disaster assistance to ranchers and farmers. Production expenses are expected to be stable this year, increasing $4.6 billion or 1 percent to $477.7 billion, but fall nearly 1 percent when adjusted for inflation. Spending on poultry/livestock purchases is slated to see the largest increase from last year, at $5.9 billion or nearly 10 percent. Spending on feed is projected to fall nearly $5 billion or 6.8 percent.
