274 - Record Farm Income 2022 — What It Means & What You Should Do

The Business of Agriculture Podcast

U.S. net farm income set a record in 2022, up 14% from 2021 to $160.5 billion. To put it mildly, things in Ag are good financially speaking. 2022’s farm income number is double what it was just 3 years ago during the China - U.S. trade spat. What does this mean for those of us who earn our living in Agriculture? Will expenses rise by more than income (2023 will be the most expensive crop ever planted!)? Will the good times keep rolling or are we about to be blind sided? And what should we in Ag be doing now to capitalize on the positive financial situation while managing for the next downturn? Paul Neiffer, The Farm Accountant, and Chris Barron with Ag View Solutions address all this and more! Sponsored by Pattern Ag pattern.ag, AGvisorPRO getagvisorpro.com, and Truterra truterraag.com