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USDA's Economic Research Service forecasts U.S. net farm income rose 25.1% in 2021 to $119.1 billion, the third consecutive annual gain. Net cash income was estimated at $134.2 billion, up 14.5%, with cash receipts up nearly 19% against a 10% rise in expenses.
Strong farm income supports producer capacity to buy feed and inputs, while input inflation in fuel and fertilizer erodes margins. This is a background economic report with no direct price shock.
everycrsreport.comMar 14, 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.
