# Recovering Farm Income Jeopardized by Record Operating Expenses and Harvest Uncertainty | Farm Bureau Intel Markets | American Farm Bureau Federation

> 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.

- Date: 2022-09-02 · published 2022-09-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/39581-recovering-farm-income-jeopardized-by-record-operating-expenses-and-harvest
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- UREA: neutral
- POTASH: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-09-18 | [Global Fertilizer Market Challenged by Russia’s Invasion of Ukraine \| Economic Research Service](https://feedsoft.ai/events/34017-global-fertilizer-market-challenged-by-russia-s-invasion-of-ukraine-economic.md) | -0.5% | -6.2% |
| UREA | 2023-11-06 | [Fertilizer market review: What will 2024 bring? \| Ag Proud](https://feedsoft.ai/events/33094-fertilizer-market-review-what-will-2024-bring-ag-proud.md) | -2.8% | -6.4% |
| UREA | 2022-06-01 | [Stagnant Retail Fertilizer Prices Hover Near Record Highs](https://feedsoft.ai/events/41256-stagnant-retail-fertilizer-prices-hover-near-record-highs.md) | -7.1% | -12.0% |
| UREA | 2022-09-29 | [Fertilizer Prices Remain “Considerably Higher” Than Last Year, as Hurricane Ian Could Worsen Outlook \| Farm Policy News \| Illinois](https://feedsoft.ai/events/11905-fertilizer-prices-remain-considerably-higher-than-last-year-as-hurricane-ian.md) | -4.2% | -9.1% |
| UREA | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | -5.7% | -9.1% |

## Sources

- fb.org: https://www.fb.org/intel/markets/recovering-farm-income-jeopardized-by-record-operating-expenses-and-harvest

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.