By Scout Nelson
A new farm income outlook by researchers from North Dakota State University and the University of Missouri shows that North Dakota’s net farm income could rise by 39% in 2025. The total is expected to reach $4.79 billion, making it the highest income since 2021.
This increase is mostly driven by a sharp rise in federal government payments. These payments are set to hit $3.0 billion in 2025 and are part of a federal plan to support farmers facing issues like bad weather, high costs, and falling crop prices.
Even though income may rise, the report warns that this growth is not likely to last. Crop cash receipts are expected to fall by 10% next year. Key crops such as canola, wheat, and soybeans are forecast to drop by 30%, 12%, and 8% respectively.
Livestock income may rise slightly by 5%, thanks to strong cattle prices. On the other hand, farm production costs are expected to stay flat at $10.7 billion, showing ongoing struggles with the cost of fuel, seed, and labour.
Looking into the future, experts predict a big fall in farm income by 2026. Net farm income is expected to drop by 48% when government aid returns to normal levels. Over the next decade (2025–2034), average farm income is expected to be around $3.0 billion, which is much lower than the 2025 peak.
Photo Credit: gettyimages-jessicahyde
Categories: North Dakota, Business, Crops, Livestock