GAINESVILLE, Ga. — The Spring 2024 Missouri Farm Income Outlook predicts that there will be a sharp drop in farm income. The report was released by the University of Missouri’s Rural and Farm Finance Policy Analysis Center (RaFF).
The data for the report is gathered by using farm receipts and production expenditures. Decreasing receipts and low crop costs illustrate the approximate $800,000 drop in net farm income for 2024.
Scott Brown, RaFF interim director, said, “Although decreased production expenses offer some relief, reduced livestock inventories and lower crop prices are impacting Missouri producers, leading to the projection. . .
Register or Login to keep reading
Thank you for your interest in accessing the complete content. To continue reading, please register for free. By registering, you'll gain full access to our valuable resources, updates, and insights.
If you already have an account please Log In.
