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USDA projects 2022 US net farm income at $147.7 billion, up $7.3 billion (5.2%) from 2021, and net cash farm income at $168.5 billion. Crop receipts are expected to rise 15.3%, while inflation-adjusted net income is 42% above its 20-year average.
Higher crop receipts reflect firm commodity prices, but strong farm profits do not directly alter feed supply or demand balances.
profarmer.comJim WiesemeyerSep 1, 2022After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
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.
