# 2022 Farm Profitability Outlook: Production Expenses Up, Net Farm Income Down | Farm Bureau Intel Markets | American Farm Bureau Federation

> USDA's February 4 Farm Sector Income Forecast projects 2022 US net farm income at $113.7 billion, down 4.5% from 2021. The decline reflects a 57% drop in direct government payments as pandemic assistance winds down.

- Date: 2022-02-15 · published 2022-02-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/42696-2022-farm-profitability-outlook-production-expenses-up-net-farm-income-down
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower farm income and reduced government support may modestly constrain farmer spending on inputs, but it does not directly move feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-03-29 | [Let’s Get Going, 2024! \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31218-let-s-get-going-2024-farm-bureau-intel-markets-american-farm-bureau-federation.md) | -4.2% | -6.0% |
| CORN | 2017-05-31 | [Broiler Bird Weights Keep Lid on Production \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/71145-broiler-bird-weights-keep-lid-on-production-farm-bureau-intel-markets-american.md) | +1.7% | -2.3% |
| CORN | 2025-02-10 | [Disaster Assistance Fuels 2025’s Farm Income Rebound \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/26029-disaster-assistance-fuels-2025-s-farm-income-rebound-farm-bureau-intel-markets.md) | +2.8% | -4.7% |
| CORN | 2024-08-13 | [August WASDE, Crop Production Reports Buoy Expectations for Large Crops \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/10467-august-wasde-crop-production-reports-buoy-expectations-for-large-crops-farm.md) | -1.2% | +0.1% |
| CORN | 2024-05-13 | [May WASDE Offers First Look at Upcoming Marketing Year \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/30284-may-wasde-offers-first-look-at-upcoming-marketing-year-farm-bureau-intel.md) | -0.0% | +0.5% |
| SOY | 2024-03-29 | [Let’s Get Going, 2024! \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31218-let-s-get-going-2024-farm-bureau-intel-markets-american-farm-bureau-federation.md) | -0.5% | -2.7% |
| SOY | 2025-02-10 | [Disaster Assistance Fuels 2025’s Farm Income Rebound \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/26029-disaster-assistance-fuels-2025-s-farm-income-rebound-farm-bureau-intel-markets.md) | -1.3% | -4.7% |
| SOY | 2024-08-13 | [August WASDE, Crop Production Reports Buoy Expectations for Large Crops \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/10467-august-wasde-crop-production-reports-buoy-expectations-for-large-crops-farm.md) | -5.5% | -3.4% |

## Sources

- fb.org: https://www.fb.org/intel/markets/2022-farm-profitability-outlook-production-expenses-up-net-farm-income-down

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