Farm income
19
MENTIONS
6
EPISODES
6
PODCASTS
Search complete. 19 mentions across 6 episodes found for "Farm income".
Oct 16, 2026
Rita FrazerHOST
For more RFD Profit Watch, listen to your local radio station or find the daily broadcast online on the RFD podcast page.
DeLoss JahnkeHOST
Numbers from the American Farm Bureau Federation, you can look at their market intel page, from Dr. John Newton, Vice President of Public Policy and Economic Analysis, looking at farm income in 2025.
DeLoss JahnkeHOST
USDA in September provided the first state level estimates for last year, showing net farm income is quite concentrated.
DeLoss JahnkeHOST
Top four states, California, Texas, Iowa, and Nebraska together made up more than 30% of the national total, and the top 10 states accounted for nearly 60% of US net farm income Illinois was in the top 10 in terms of gross income.
DeLoss JahnkeHOST
California was first, then Texas, Iowa, Nebraska, Kansas, Minnesota, and Illinois.
DeLoss JahnkeHOST
When looking at farm production expenses, Illinois ranks sixth behind California, Iowa, Nebraska, Texas, and Minnesota.
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Tammi ArenderHOST
You know, a national farm income number can hide very different experiences from one state to another, and from one farm to the next.
Tammi ArenderHOST
Joining us is Brad Lubben, agricultural policy specialist and extension associate professor at the University of Nebraska-Lincoln.
Tammi ArenderHOST
Brad, thank you for joining us.
Brad LubbenGUEST
I've, I've described it for a couple years as a tale of two farms, uh, as best we can make an alliterative reference here.
Brad LubbenGUEST
But it's not even a tale of two farms, it's more specifically a farm and a ranch.
Brad LubbenGUEST
Uh, and those are what farm income numbers look like here in Nebraska and look like on the Great Plains, where cattle have helped carry the day, uh, and the crop sector has been struggling for, for a few years going forward.
Brad LubbenGUEST
But looking ahead, you know, the, the crop sector is hoping for renewed demand opportunity if we can solve the export equation, uh, and potential demand growth if we can, if we can, uh, solve the biofuels equation too.
DeLoss JahnkeHOST
There's still plenty of questions on what the Federal Reserve will do later this month and in December.
DeLoss JahnkeHOST
Will there be another hike in either of those? And if so, which meeting will it be? From the American Farm Bureau Federation and their Market Intel page, a look at farm income from U.S.
DeLoss JahnkeHOST
Department of Agriculture.
DeLoss JahnkeHOST
Headlined from John Newton at AFBF, "More than half of farm income concentrated in 10 states." California at seventy-two billion dollars, Iowa at forty-seven billion, and Texas at forty-three billion led the gross farm income.
DeLoss JahnkeHOST
When it came to net farm income, California was number one, and Texas, Iowa, and Nebraska, the four combined made up more than 30% of the national total.
DeLoss JahnkeHOST
These are all 2025 numbers from USDA shared by AFBF.
DeLoss JahnkeHOST
By the way, where does Illinois fare in there in terms of gross farm income? Ranks number seven.
DeLoss JahnkeHOST
Kansas is fifth, Minnesota is sixth, Illinois seventh, and North Carolina, Indiana, and Wisconsin.
Bill O'KeefeGUEST
Uh, there's a, a call for a, a huge increase in, uh, the amount of the budget that will go to young farmers, and nobody can, uh, argue against that, um, in the sense that if there are genuine farmers that are going to come into the sector and stay in the sector, so everybody welcomes new entrants into the sector because the demographics of the sector are so poor at the moment.
Bill O'KeefeGUEST
Um, but, like, we're just asking for the minister to come out and explain with a twenty-four percent cut in the budget, how does he see, what policies is he proposing to introduce that are going to add stability to farm income and increase farm income and add fairness that the, the farmer gets a, a reasonable share of what the consumer pays for any food that's on the shelves? So it's, it's, it's not like we're having a go at the minister.
Bill O'KeefeGUEST
We're just asking if he has policies there.
Bill O'KeefeGUEST
We'd really like to hear exactly what those policies are and tease them out with us so that we have a better understanding of them.
Katie O'KeefeHOST
And do you think the government has put forward enough proposals to deal with that volatility in farm incomes?
Bill O'KeefeGUEST
Not at all.
Bill O'KeefeGUEST
I mean, we had a massive survey.
Dennis DrennanGUEST
Like, we really need to... a policy at EU level as part of the new livestock and milk strategy at the EU, European level that income volatility has to be dealt with because obviously farmers in any part of Europe can't keep dealing with a boom to bust cycle.
Donal WheltonGUEST
The tillage sector probably didn't have that increase in output prices in 2025 like the livestock sectors had.
Donal WheltonGUEST
The dairy sector, again, I suppose after a very positive 2022, we saw that reduction in family farm income in 2023, recovery in 2024, recovery further in 2025.
Donal WheltonGUEST
And now we have that, I won't say correction, but we have that drop in margins and obviously drop in family farm income also projected for the dairy sector in 2026.
Donal WheltonGUEST
But what we always say to Larkin, to any farmer, whatever sector you're in, don't base any business decision and we certainly don't as a financial institution make any lending decision on one year's performance you know look at the performance of your farm over the last three to five years and that's certainly what we do and take the average profitability in that time frame and when you do that say for the dairy sector it's actually a very very good good story
Lorcan Roach-KellyHOST
yeah i suppose you do a dairy sector for the last five years but i'd like This is not our first rodeo, I suppose, for either of us.