# U.S. Farm Income Outlook: 2021 Forecast - EveryCRSReport.com

> 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.

- Date: 2022-03-14 · published 2022-03-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/42252-u-s-farm-income-outlook-2021-forecast-everycrsreport-com
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-24 | [China’s Retaliatory Tariffs on U.S. Agriculture: In Brief - EveryCRSReport.com](https://feedsoft.ai/events/56926-china-s-retaliatory-tariffs-on-u-s-agriculture-in-brief-everycrsreport-com.md) | -0.7% | +0.9% |
| CORN | 2023-03-13 | [USDA's outlook for 2023 - Morning Ag Clips](https://feedsoft.ai/events/36799-usda-s-outlook-for-2023-morning-ag-clips.md) | +0.8% | +0.8% |
| CORN | 2022-09-01 | [USDA: Farm Sector Profits Forecast to Remain Above Average in 2022 - Pro Farmer](https://feedsoft.ai/events/39590-usda-farm-sector-profits-forecast-to-remain-above-average-in-2022-pro-farmer.md) | -1.8% | -2.9% |
| CORN | 2023-03-20 | [MARS with first yield forecast 2023 market report](https://feedsoft.ai/events/36791-mars-with-first-yield-forecast-2023-market-report.md) | -0.0% | +0.4% |
| CORN | 2023-01-10 | [Trade and Trade Policy Outlook 2023 - Purdue Ag Econ Report](https://feedsoft.ai/events/37715-trade-and-trade-policy-outlook-2023-purdue-ag-econ-report.md) | +1.9% | +2.6% |
| SOY | 2019-09-24 | [China’s Retaliatory Tariffs on U.S. Agriculture: In Brief - EveryCRSReport.com](https://feedsoft.ai/events/56926-china-s-retaliatory-tariffs-on-u-s-agriculture-in-brief-everycrsreport-com.md) | +1.5% | +4.6% |
| SOY | 2020-02-20 | [USDA: Mixed 2020 farm outlook on small export increase, record production \| 2020-02-20  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/54621-usda-mixed-2020-farm-outlook-on-small-export-increase-record-production-2020-02.md) | -1.8% | -8.0% |
| SOY | 2022-09-01 | [USDA: Farm Sector Profits Forecast to Remain Above Average in 2022 - Pro Farmer](https://feedsoft.ai/events/39590-usda-farm-sector-profits-forecast-to-remain-above-average-in-2022-pro-farmer.md) | -2.5% | -6.4% |

## Sources

- everycrsreport.com: https://www.everycrsreport.com/reports/R47051.html

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