The USDA has revised its 2025 farm income forecast, projecting stronger profits for U.S. agriculture despite rising production expenses.
Net farm income is now expected to reach $179.8 billion, a $52 billion increase — up 40.7% from 2024. Net cash farm income is also forecast to climb by $40.1 billion.
The gains are being driven largely by higher cash receipts in the livestock sector, which are projected to rise 4.7% this year.
At the same time, farm production costs are expected to increase by $11.9 billion in 2025, led by higher labor expenses, livestock and poultry purchases, and interest costs.
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