The USDA’s December Farm Income Report showed only a slight change from September’s numbers. Revised estimates in the 2024 Farm Income Forecast still show agriculture taking a big financial hit this year. Danny Munch, an economist at the American Farm Bureau Federation, says the slight adjustment still indicates farmers are struggling.
Munch says some sectors of the agricultural economy are faring better than others.
Difficult economic conditions combined with natural disasters make preparing for 2025 more difficult.
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