Farm commodity prices have tumbled from the peak levels they rose to during spring 2022 — and new projections suggest that downward pressure on prices could continue throughout 2024 and beyond.
The Food and Agricultural Policy Research Institute at the University of Missouri (FAPRI) recently released its annual agricultural market baseline outlook, which provides projections for agricultural and biofuel markets and serves as a point of reference for evaluating alternative scenarios for food and agricultural policy.
Another key finding from the report is that net farm income is projected to…
