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USDA's Economic Research Service's September 2021 forecast projects U.S. net farm income and net cash farm income will both rise in 2021 versus 2020. Cash receipts are expected to climb 11.3% to $486.4 billion, led by crops and livestock, while government payments fall 38.6%.
Net farm income is projected at $113.0 billion, the highest since 2013 in inflation-adjusted terms.
Stronger farm incomes support producer capacity to buy feed and inputs, but the forecast assumes lower government support ahead. The data signals firm commodity pricing rather than a new supply shock.
everycrsreport.comSep 29, 2021After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% 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.
