# FAPRI: Higher Commodity Prices Contribute to a Sharp Increase in 2021 U.S. Net Farm Income | Farm Policy News | Illinois

> 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.

- Date: 2021-09-15 · published 2021-09-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/45085-fapri-higher-commodity-prices-contribute-to-a-sharp-increase-in-2021-u-s-net
- 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

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-10 | [FAS Report: "The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity" - Farm Policy News](https://feedsoft.ai/events/14942-fas-report-the-ukraine-conflict-and-other-factors-contributing-to-high.md) | +2.0% | -2.3% |
| CORN | 2021-11-14 | [Fertilizer: “Supply Disruptions Push Prices to New Highs” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/44342-fertilizer-supply-disruptions-push-prices-to-new-highs-farm-policy-news-illinois.md) | -2.1% | +1.5% |
| CORN | 2021-04-18 | [An Increase in Wheat Feeding to Hogs in China, as China’s First-Quarter Pork Production Rose \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47648-an-increase-in-wheat-feeding-to-hogs-in-china-as-china-s-first-quarter-pork.md) | +6.1% | +15.5% |
| CORN | 2021-01-01 | [FAO Food Price Index Reaches Six-Year High, But Below 2011 Peak \| Farm Policy News \| Illinois](https://feedsoft.ai/events/49180-fao-food-price-index-reaches-six-year-high-but-below-2011-peak-farm-policy-news.md) | +5.3% | +17.8% |
| CORN | 2021-04-07 | [2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47452-2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to.md) | +2.8% | +25.3% |
| SOY | 2022-04-10 | [FAS Report: "The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity" - Farm Policy News](https://feedsoft.ai/events/14942-fas-report-the-ukraine-conflict-and-other-factors-contributing-to-high.md) | +1.5% | -4.0% |
| SOY | 2021-04-07 | [2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47452-2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to.md) | -2.1% | +11.2% |
| SOY | 2023-08-13 | [FAS: “2022/23 China Soybean Imports Raised to Record High” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14820-fas-2022-23-china-soybean-imports-raised-to-record-high-farm-policy-news.md) | -2.7% | -3.5% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/09/fapri-higher-commodity-prices-contribute-to-a-sharp-increase-in-2021-u-s-net-farm-income/

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