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The FAPRI-MU baseline update projects a sharp rise in 2021 U.S. net farm income, reaching its highest level since 2013. The increase reflects higher crop and livestock receipts that outweigh higher production expenses.
Income could fall again in 2022 as government payments decline.
Strong 2021 commodity receipts support producer finances and feed purchasing power. The projected 2022 decline in payments suggests tighter margins ahead that could temper herd and crop expansion.
farmpolicynews.illinois.eduKeith GoodSep 15, 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.
