USDA projects farm income will fall in 2023 after two robust years

Pa. is included in the region expected to see among the largest net farm income declines

By: - February 8, 2023 2:40 pm

A farmer plants corn into a cover crop of barley. (Photo courtesy of U.S. Natural Resources Conservation Service/The Missouri Independent).

WASHINGTON — After two strong years of growth, U.S. farm income is forecast to drop substantially in 2023 as commodity prices fall and expenses rise, the U.S. Department of Agriculture Economic Research Service reported Tuesday.

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Adam Goldstein
Adam Goldstein

Adam Goldstein was the D.C. Bureau intern for States Newsroom. Goldstein was a graduate student at the University of Missouri School of Journalism, studying digital reporting. He is originally from San Francisco, and loves swimming, cooking, and the San Francisco 49ers.

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