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USDA's September 1 Farm Sector Income Forecast projects 2022 US net farm income at $147.7 billion, up 5.2% from 2021 in nominal terms. The report also shows record increases in production expenses, up $66 billion or 18%, while government payments fall sharply.
Record input costs squeeze farm margins and may limit planting or input purchases, while strong income supports farmer liquidity; the effect on feed prices is indirect.
fb.orgDaniel MunchSep 2, 2022After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
