USDA Report Shows Drop in 2023 Farm Income
The USDA’s Economic Research Service released its 2023 Farm Income Report, which showed a significant drop in income compared to last year. Carrie Litowski, senior economist with the ERS, says the 2023 numbers are lower than the record high last year. “In 2022, net cash farm income increased 25 percent, or $42 billion, from 2021, […]