Nebraska farm income projected to fall in 2024

Nebraska's net farm income is projected to fall to $6 billion in 2024 and average $6.3 billion per year across the next decade, according to a new report from the Rural and Farm Finance Policy Analysis Center (RaFF) at the University of Missouri, produced in conjunction with the Center for Agricultural Profitability at the University of Nebraska-Lincoln.

While U.S. farm income projections topped a 2021 record with a new record in 2022 before falling in 2023, Nebraska net farm income took a fall in 2022, to $6.6 billion, before partially rebounding in 2023, to $7.2 billion.

"Producers are feeli...