With: Brad Lubben, associate professor and extension ag policy specialist, University of Nebraska-Lincoln; and Patrick Westhoff, director and Howard Bowden Professor, Food & Agricultural Policy Research Institute, University of Missouri.

This webinar will discuss the current farm income situation and outlook at the national and state level. Recent farm income projections from USDA’s Economic Research Service and the University of Missouri’s Food and Agricultural Policy Research Institute (FAPRI) suggest 2023 farm income prospects will fall back from the record levels of 2022 as many commodity prices give way but higher costs linger. The result could be a lower, but still strong farm income picture ahead for agriculture at the national level and the state level for the coming year.

Work at Missouri’s Rural and Farm Finance Policy Analysis Center (RaFF), through collaboration with Nebraska, helps to extend the analysis and outlook to the state level, providing a look at the current situation and outlook ahead for agriculture in the state.