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RaFF releases its 2022 Missouri Farm Income Outlook

A new report from the Rural and Farm Finance Policy Analysis Center at the University of Missouri shows a 5% increase in the state’s net farm income.

Mizzou ag economist Scott Brown says the Fall 2022 Missouri Farm Income Outlook shows Missouri is seeing farm income above $4 billion. “We find a situation of higher crop receipts,” he said. “We’ve seen prices for many of the crops to be higher. Livestock receipts are also up. Cattle prices in particular I think have been important to that.”

But he says higher production expenses have nearly offset the increase in crop cash receipts. “We’re talking about a lot more dollars flowing, but at the end of the day, farm income only up slightly as those production expenses really eat away at what was higher receipts.”

Brown says the state’s net farm income increase is only slightly lower than the 6% increase nationwide.

The full report can be read here.