Hobby income differs from other types of income (like self-employment income and income from your side hustle), and the IRS taxes each type differently. Determining whether your revenue stream ...

Various farm programs as established by the Farm Service Agency have various limits based on the farmer’s adjusted gross income (AGI). However, some of these programs also allow for either a double ...

Farm income is forecast to decrease by 4% from 2023. Shown is a corn field in Saunders County, Nebraska, just outside of Ashland, in August 2022. (Aaron Sanderford/Nebraska Examiner) Farm income is ...

Every farmer knows that when you buy a piece of equipment, you need to take a close look under the hood. Something may look nice on the surface, but that rarely gives you a complete picture. It’s the ...

Based on the data in the latest “2024 Farm Income Forecast” that was released by the USDA Economic Research Service in February, U.S. net farm income is expected to decrease by nearly $40 billion or ...

In the recent farm income report, USDA revised the estimated total U.S. net cash income for 2025 downward to $153.9 billion, which is a decrease of nearly $27 billion from the September projection.

USDA–Economic Research Service (ERS) has released updated projections for 2024 farm income, and though it’s still anticipated to decline, the outlook doesn’t look quite as dim as it did earlier this ...

When most people picture a farmer, they don’t envision someone teaching math, driving a school bus or managing a bank branch. Yet for the majority of U.S. farm households, income from these off-farm ...

(USDA photo by Lance Cheung). Farm income is forecasted to have decreased in 2024 by 4% from 2023, largely because of a decrease in cash receipts, or the gross income, from the sale of commodity crops ...

Farm income is projected to have decreased in 2024 according to the latest USDA report. (Photo by Preston Keres/USDA) Farm income is forecasted to have decreased in 2024 by 4% from 2023, largely ...