Press Release
☷Statement from Agriculture Secretary Tom Vilsack on the 2024 Farm Sector Income Forecast
U.S. Department of Agriculture ( By Press Release office)
Feb 09,2024
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Today , the U . S . Department of Agriculture ' s ( USDA ) Economic Research Service released its yearly Farm Sector Income Forecast report for 2024 . Agriculture Secretary Tom Vilsack stated that after three record - breaking years from 2021 to 2023 , farm income is expected to return to previous levels this year . The report highlights the importance of USDA ' s ongoing efforts to support farmers and their communities , create new market opportunities , and combat low prices and high input costs . Under the Biden - Harris Administration , USDA has taken unprecedented actions to level the playing field for small and mid - sized farmers and make transformative investments to enhance economic resiliency and increase earnings for family farmers . USDA will continue to focus on promoting economic prosperity , competition , and the viability of farming and rural communities .
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