Economies of scale will continue to push farming operations to get bigger over time. While big farms getting bigger is not likely to change, value added farming is a different matter. Another decline in net farm income is projected according to the Spring 2024 Missouri Farm Income Outlook released by the University of
Missouri’s Rural and Farm Finance Policy Analysis Center (RaFF). Projections from the report suggest that declining market receipts and lower crop prices play a role in the estimated $0.8 billion decrease in net farm income says Scott Brown, interim director of the center.
Podcast: Play in new window | Download