Another decline in net farm income is projected for the Show-Me State, according to the Spring 2024 Missouri Farm Income Outlook released by the University of Missouri’s Rural and Farm Finance Policy Analysis Center.
The report offers a state-level glimpse at projected farm financial indicators, including farm receipts, production expenses and other components that affect net farm income. Projections from the report suggest that declining market receipts and lower crop prices play a role in the estimated $0.8 billion decrease in net farm income for 2024.
“Although decreased production…
