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Journal Article
Resilience, Not Crisis, in the U.S. Agricultural Economy
Over the past few years, economic conditions in some segments of U.S. agriculture have deteriorated, raising questions about the longer-term trajectory of the sector and the viability of many farms throughout the country. However, the severity of current public narratives surrounding U.S. agriculture diverges from the signals apparent in underlying data.
U.S. Farmers Continue to Face Headwinds
This snapshot of the U.S. agricultural sector shows that a drop in key crop prices and a rise in production costs likely squeezed farm income in 2024.