(Columbia, MO) — Missouri net farm income is projected to rise 58% in 2025 compared to 2024. Researcher Danyelle Chin of Missouri’s Rural and Farm Finance Policy Center says there are two main reasons for the projected increase: livestock receipts and government payments to farmers.
The report finds an overall mixed picture. She says for example, feed costs are lower which will offset other expenses for livestock producers. She says row crop farmers may notice a dip in pesticide costs and fuel, but fertilizer is expected to cost 4% more next year. She says net farm income is projected to be 16% lower in 2026, but says that could change if there are more government payments. There has been talk in Washington of extending payments to farmers, using revenues from U.S. tariffs.
Missouri’s net farm income is projected at $5.39 billion in 2025.
Other highlights from the Fall 2025 report include:
- Missouri’s projected 58% increase in net farm income is substantially higher than the projected 41% increase in U.S. net farm income for 2025.
- Total crop receipts are projected to decline slightly (-1%) to $6.74 billion, as increases in corn receipts would slightly offset reductions in all other major crops. In Missouri, soybean receipts account for 41% of all crop receipts and corn receipts account for 39% in 2025.
- Livestock receipts will increase by 17% to $8.03 billion in 2025. This is mainly driven by a 21% increase in cattle receipts, due to higher cattle prices. Cattle account for 50% of total livestock receipts, hogs account for 16% and broilers for 14% in Missouri in 2025.
- Total production expenses remain stable, as a $162.06 million (-9%) decline in feed costs would offset the $143.92 million (18%) increase in purchased livestock expenses. Declines in interest, net rent to landlords, and hire and custom machinery work help stabilize costs.