# 2021 U.S. Farm Income Expected To Increase - MinnStar Bank

> USDA's Economic Research Service's September 2021 farm income forecast projects US net farm income up 19.5 percent to $113 billion in 2021, the highest inflation-adjusted level since 2013. Net cash income is forecast at $134.7 billion, up 21.5 percent, driven by higher corn and soybean receipts.

- Date: 2021-10-14 · published 2021-10-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/44526-2021-u-s-farm-income-expected-to-increase-minnstar-bank
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong farm incomes support producers' ability to pay for inputs and hold grain, and higher corn and soybean receipts reflect the price rally. The forecast reinforces the strength of the current crop price environment.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-12-22 | [Dec. 1 Cattle on Feed Increase More Than Expected, Up 3% From Last Year](https://feedsoft.ai/events/32834-dec-1-cattle-on-feed-increase-more-than-expected-up-3-from-last-year.md) | +2.4% | -1.8% |
| CORN | 2025-12-09 | [USDA Increases Corn Exports to Record 3.2 BB](https://feedsoft.ai/events/21439-usda-increases-corn-exports-to-record-3-2-bb.md) | +0.1% | +0.5% |
| CORN | 2022-02-08 | [U.S. Ag Exports Top a Record $177 Billion in 2021](https://feedsoft.ai/events/42670-u-s-ag-exports-top-a-record-177-billion-in-2021.md) | +1.9% | +14.4% |
| CORN | 2023-07-19 | [Safras & Mercado Forecasts Brazil Soy to Increase 4.5% in 2023/24](https://feedsoft.ai/events/13640-safras-and-mercado-forecasts-brazil-soy-to-increase-4-5-in-2023-24.md) | +13.6% | -6.1% |
| CORN | 2023-10-18 | [Brazil Expected to Expand Soybean Acreage and Reduce Corn Acreage - farmdoc daily](https://feedsoft.ai/events/13622-brazil-expected-to-expand-soybean-acreage-and-reduce-corn-acreage-farmdoc-daily.md) | +1.9% | -1.3% |
| SOY | 2018-02-08 | [2018 U.S. Farm Income Forecast Released - Farm Policy News](https://feedsoft.ai/events/66480-2018-u-s-farm-income-forecast-released-farm-policy-news.md) | +3.5% | +7.2% |
| SOY | 2023-11-01 | [U.S. Soybean Meal Exports Expected to Reach Record High](https://feedsoft.ai/events/33689-u-s-soybean-meal-exports-expected-to-reach-record-high.md) | +4.8% | +4.7% |
| SOY | 2022-02-08 | [U.S. Ag Exports Top a Record $177 Billion in 2021](https://feedsoft.ai/events/42670-u-s-ag-exports-top-a-record-177-billion-in-2021.md) | -0.7% | +7.8% |

## Sources

- minnstarbank.com: https://www.minnstarbank.com/2021/10/14/2021-u-s-farm-income-expected-to-increase/

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