US Farm Recovery Not Expected Until 2026 as Crop Prices Stay Low
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Low crop prices and high costs for seeds and machinery mean a rebound in the American farm sector won’t start until next year, according to an outlook Monday from farm lender AgAmerica.
US net farm income has been in a downturn since hitting a record in 2022, with farmers now struggling to profit in a market awash in ample supplies of corn and soybeans. Growers are also getting less government payments as aid tied to pandemic relief expires.