USDA’s September 2025 net farm income forecast, released Sept. 3, projects net farm income will rise sharply from 2024. While stronger performance in some sectors is a factor in the increase, much of it is tied to continued support from government disaster assistance.
Cash receipts from crop sales are forecasted to decrease by $6.1 billion, or 2.5%, from $242.7 billion in 2024 to $236.6 billion in 2025. USDA lowered its crop cash receipts projection by $17 billion from the $253.6 billion forecast in February 2025. If this forecast is realized, this would be the lowest cash receipts for crop sales since 2007.
Total animal/animal product cash receipts are forecast to increase by $30 billion, or 11.2%, from $268.6 billion in 2024 to $298.6 billion in 2025. Receipts for all major animal/animal products are expected to grow mostly from higher prices. If realized, this would be a record high for cash receipts from animals and animal products.
Milk is the only major animal product with cash receipts forecast to fall with USDA estimating a $500 million, or 1%, drop, from $50.7 billion in 2024 to $50.2 billion in 2025.
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