Nebraska farm income projected to decline in 2024

Lincoln, Neb., — Nebraska net farm income is projected to decline in 2024, according to a new report from the Rural and Farm Finance Policy Analysis Center.

The center, working with agricultural economists from the Center for Agricultural Profitability at the University of Nebraska-Lincoln, said in its “Fall 2024 Nebraska Farm Income Outlook” that Nebraska’s 2024 net farm income is estimated at $7.69 billion. 

After record-setting farm income levels in 2023, Nebraska farm income declines in 2024. “In 2024, total farm receipts are projected to decline by $1.40 billion (-4%), as the $1.16 billio...