U.S. net farm income and net cash farm income, inflation adjusted, 2005–26F

Net farm income, a broad measure of profits, is forecast to decline slightly in 2026. Forecast at $153.4 billion for the calendar year, net farm income would be $1.2 billion (0.7 percent) lower than in 2025. Net cash farm income is forecast at $158.5 billion for 2026, an increase of $4.6 billion (3 percent) relative to 2025 (not adjusted for inflation). In inflation-adjusted 2026 dollars, net farm income is forecast to decline by $4.1 billion (2.6 percent) from 2025 to 2026, and net cash farm income is forecast to increase by $1.7 billion (1.1 percent) compared with the previous year. If realized, both measures in 2026 would be above their 2005–24 averages (in inflation-adjusted dollars).