BrownfieldAgNews reports:
The executive head of Terrain says early projections for 2026 farm incomes are worrisome.
John Newton says several factors could bring aggregate U.S. net farm incomes down by as much as 23%.
“Projections show elevated input costs.” He says, “They’re going to continue to be elevated, but crop prices are going to be flat to lower. If that’s realized we’re looking at farm income that could fall pretty sharply in 2026, so we do need some tailwinds.”
He tells Brownfield there’s still time to turn around those projections.
“Looking to Congress to get elements of an enhanced farm bill over the finish line, looking for clarity on 45Z,” he says, “and then trade agreements to the extent that they can benefit U.S. agriculture, give us better market access that can really put some wind behind our sails.”
Newton says 2025 farm incomes are being propped up by over $30 billion dollars in government subsidies and disaster relief. He says there are currently no relief packages factored in the 2026 projections.
