USDA predicts farm income will fall in 2023 after two robust years

Lower commodity prices are expected to cause a drop in farm profits and income levels in 2023, U.S. agriculture officials say.
Lower commodity prices are expected to cause a drop in farm profits and income levels in 2023, U.S. agriculture officials say.
Innovative strategies for farmers, ranchers could include generating new markets and on-farm income diversity, the nation's agriculture secretary tells a conference of industry leaders and observers.
State officials urge action on latest version of federal farm bill, key to financial support for the agriculture industry.