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Lower expenses, stronger milk prices improve 2024 farm income

At the start of 2024, federal agricultural economists were forecasting a tough year for American farmers.


A report from the U.S. Department of Agriculture in February projected a 25 percent decline in net farm income from 2023.


Now, the USDA expects farmers will only see a 4 percent decline for the year, keeping net farm income well above the 20-year average.


Hope Kirwan Wisconsin Public Radio

Dec 8, 2024


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