Perspectives and Strategies for Dealing with Low Farm Incomes in 2024 and Beyond

Net incomes on many Midwest grain farms will be negative in 2024, some of the lowest in the past thirty years. Low incomes could continue into future years. Herein, we present eight strategies for dealing with low incomes. Also, prospects for ad hoc Federal payments are discussed. Ad hoc disaster payments could present issues regarding slowing necessary economic adjustments within the agricultural sector.

Publication Details

Journal
AgEcon Search (University of Minnesota, USA)
Published
2025-01-01
DOI
https://doi.org/10.22004/ag.econ.358423
Primary Topic
Agricultural Economics and Policy
Type
article
Field-Weighted Citation Impact
0.00
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article

Perspectives and Strategies for Dealing with Low Farm Incomes in 2024 and Beyond

AgEcon Search (University of Minnesota, USA)
Agricultural Economics and Policy
article

Perspectives and Strategies for Dealing with Low Farm Incomes in 2024 and Beyond

article en

Abstract

Net incomes on many Midwest grain farms will be negative in 2024, some of the lowest in the past thirty years. Low incomes could continue into future years. Herein, we present eight strategies for dealing with low incomes. Also, prospects for ad hoc Federal payments are discussed. Ad hoc disaster payments could present issues regarding slowing necessary economic adjustments within the agricultural sector.

AgEcon Search (University of Minnesota, USA)
Openalex Percentile: Top 38%
Agricultural Economics and Policy
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Perspectives and Strategies for Dealing with Low Farm Incomes in 2024 and Beyond · AgEcon Search (University of Minnesota, USA) (2025) | TGRS Research Map | TGRS