U.S. farm economy enters 12th quarter of downturn as net farm income projected to decline
By
Daniel Grant
Summary
The U.S. farm economy is experiencing its 12th consecutive quarter of economic downturn, with the USDA projecting a $1.2 billion (0.7%) decline in net farm income this year compared to 2025. Farmers like Ron Haase from Iroquois County report cutting back on expenditures and inputs to survive without pulling equity, though many have already trimmed costs for years with little room left to cut further.
Source
bskyU.S. farm economy enters 12th quarter of downturn as net farm income projected to declineshawlocal.comKey quotes
· 2 pulledWe're just kind of trying to survive and not pull equity out of what we already earned.
We're cutting back on expenditures and inputs. But most of that stuff we've been doing for several years, so there's not much more we can cut.
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