Through objective analysis, we study what issues affect farm and rural finances and how policy decisions influence outcomes in U.S. farm and rural communities.
A new Policy Brief from RaFF --
Farm Cash Receipts Expected Impact on the Iowa Economy: 2026
Estimated ripple effects from #IowaAg's projected $38.5B in 2026 farm cash receipts:
👥 ~175,000 jobs
💰 $24.7B state GDP
🪙 $3.7B tax rev
Read more here: raff.missouri.edu/policy-bri…
🆕 RaFF Policy Brief: A Review of Recent Farm Income Outlook Reports: Spring 2026
An excellent recap of 10 state-level reports, it provides summaries of national trends, state trends, and uncertainties. Charts and tables included.
🔗 Read it here: raff.missouri.edu/policy-bri…
ALT A graphic from the University of Missouri Rural & Farm Finance Policy Analysis Center announces a new policy brief titled “Spring 2026 Farm Income Outlooks Review.” The graphic states the brief summarizes top data points for 10 states—Missouri, Arkansas, Illinois, Indiana, Iowa, Kansas, Minnesota, Nebraska, North Dakota, and Texas—and includes a row of small photos showing agricultural scenes such as livestock, corn, a bank building, soybeans, and pigs.
🆕 New RaFF Report: Leading Indicators of Farm Financial Stress: Spring 2026. Expert economists see moderate risk overall. Real U.S. net farm income is projected at 96% of 2023 levels in 2026 and 80% by 2027.
🔗 Read it here: raff.missouri.edu/outlooks-d…
ALT Graphic announcing a new report from the Rural & Farm Finance Policy Analysis Center titled ‘Leading Indicators of Farm Financial Stress: Spring 2026.’ The image includes RaFF’s Early Warning System logo and a gauge labeled ‘Farm Economy Overall’ showing a value of 5.4, positioned between low risk and high risk.
❕Attention #MissouriAg ❕Join RaFF's inaugural Spring 2026 Farm Income Outlook webinar: Tues, May 5, at noon.
Our experts will present findings and take your questions. Practical insights for the year ahead!
🔗Register to get the link: extension.missouri.edu/event…
ALT The Rural & Farm Finance Policy Analysis Center invites you to register to join a Webinar on the Spring 2026 Farm Income Outlook for Missouri. The webinar will take place on Tuesday, May 5, at noon Central daylight time.
➡️ Available now: Spring 2026 Farm Income Outlook for Illinois
Illinois net farm income is projected at 11% in 2026, driven by a $1.29B increase in govt payments. Other highlights:
🌽 Crop receipts -1%
🥚 Livestock receipts -5%
📉 Expenses 1%
Read it: raff.missouri.edu/state-outl…
ALT Graphic from the University of Missouri Rural & Farm Finance Policy Analysis Center announcing “Spring 2026 Farm Income Outlook for Illinois.” A headline notes that Illinois net farm income is projected to increase by 11% in 2026. A waterfall chart compares net farm income in 2025 at $5.27 billion to 2026 at $5.87 billion, showing decreases from crop receipts, livestock receipts, crop insurance indemnities and production expenses. Losses are offset significantly by increased government payments and other changes that are minimally positive.
➡️ Available now: Spring 2026 Farm Income Outlook for Arkansas
📰 Net farm income (NFI) in Arkansas is projected steady in 2026, due to a 179% surge in govt payments ($1.75B).
🌱 Crop receipts -5%
🐔 Livestock receipts -5%
📉 Expenses 1%
Read it here raff.missouri.edu/state-outl…
ALT Graphic from the University of Missouri Rural & Farm Finance Policy Analysis Center announcing “Spring 2026 Farm Income Outlook for Arkansas.” A headline notes that Arkansas net farm income remains stable in 2026. A waterfall chart compares net farm income from 2025 at $3.32 billion to 2026 at $3.38 billion, showing decreases from crop receipts, livestock receipts, crop insurance indemnities, production expenses and other changes. Losses are entirely offset by increased government payments.
➡️ RaFF's Spring 2026 Farm Income Outlook for Nebraska projects net farm income to hit $9.96B in 2026 ( 12%):
💲Government payments 71%, now a key stabilizer
🐮 Livestock receipts 3%
🌽 Crop receipts 4%
📉 Record expenses with fuel 26%
🔗Read more: raff.missouri.edu/state-outl…
ALT Graphic from the University of Missouri Rural & Farm Finance Policy Analysis Center announcing “Spring 2026 Farm Income Outlook for Nebraska.” The subtitle states that Nebraska net farm income is projected to increase by 12% in 2026. A waterfall-style bar chart shows net farm income rising from $8.86 billion in 2025 to $9.96 billion in 2026, with contributing changes including increases from livestock receipts, crop receipts, and government payments, and decreases from production expenses, crop insurance indemnities, and other changes.
➡️ Available now: Spring 2026 Farm Income Outlook for Indiana
Net farm income in Indiana is projected to drop 28% in 2026 to $3.15B.
🌽 Crop receipts are steady to slightly lower
🥚 Livestock receipts -21%
📉 Expenses 2%
Read it at RaFF: raff.missouri.edu/state-outl…
ALT Graphic from the University of Missouri Rural & Farm Finance Policy Analysis Center announcing “Spring 2026 Farm Income Outlook for Indiana.” It states Indiana net farm income is projected to drop 28% in 2026 and includes a waterfall chart showing changes from 2025 to 2026, with decreases in crop receipts, livestock receipts, crop insurance indemnities, production expenses, and ad hoc transfers, and a small increase from government payments.
➡️ Available now: Spring 2026 Farm Income Outlook for North Dakota
2026 net farm income for North Dakota projected at $4.46B ( 42%).
Other projections:
💲Govt payments total $1.59B
🐮 Livestock receipts up 11%
📉 Record-high expenses
🔗 Read it here: raff.missouri.edu/state-outl…
ALT Graphic from the University of Missouri Rural & Farm Finance Policy Analysis Center announcing “Spring 2026 Farm Income Outlook for North Dakota.” The headline states that North Dakota net farm income is projected to increase by 42% in 2026. A waterfall chart shows net farm income rising from $3.14 billion in 2025 to $4.46 billion in 2026, with positive contributions from crop receipts, livestock receipts, crop insurance indemnities, and government payments. Negative effects come from production expenses and all other changes.
Missouri feeder #cattle prices are at historic highs—what’s driving them? A new RaFF Policy Brief is a must-read for #MissouriAg: data-driven insights to manage price risk, plan marketing strategies, and navigate the current cycle.
Only available at RaFF: raff.missouri.edu/policy-bri…
ALT A graphic from the Rural and Farm Finance Policy Analysis Center that announces the availability of a new policy brief: Feed Steer Price Responses to Economic Signals in Missouri. Included in the graphic is a chart that shows 600-700 lb. Feeder Steer Prices from 2014 to 2026 (Source: LMIC 2026).
📰Available now: Spring 2026 Farm Income Outlook for Minnesota
Minnesota net farm income is projected at $6.38B ( 5%) in 2026:
💲Government payments: 58%
🌽 Crop receipts: 7%
🐖 Livestock receipts: variable
📉 Expenses: 1%
🔗 Read the report: raff.missouri.edu/state-outl…
ALT Graphic from the University of Missouri Rural & Farm Finance Policy Analysis Center announcing “Spring 2026 Farm Income Outlook for Minnesota.” The chart indicates Minnesota net farm income is projected to increase by 5 percent in 2026. A waterfall chart shows net farm income rising from $6.10 billion in 2025 to $6.38 billion in 2026, with increases from crop receipts, livestock receipts, crop insurance indemnities, and government payments, partially offset by higher production expenses and other changes.
Available now: Spring 2026 Farm Income Outlook for Iowa
📉 We project net farm income falling 4% to $10.7B in 2026.
Driven by:
🥚 Declining livestock receipts (-4%)
🌽 Slightly increasing crop receipts (1%)
💲 Govt payments ( 62%)
🔗 Read more at raff.missouri.edu/state-outl…
ALT Graphic from the University of Missouri Rural & Farm Finance Policy Analysis Center titled “Spring 2026 Farm Income Outlook for Iowa.” The graphic states that Iowa net farm income is projected to decrease by 4% in 2026. A bar chart shows net farm income declining from $11.11 billion in 2025 to $10.69 billion in 2026, with changes attributed to crop receipts, livestock receipts, crop insurance indemnities, production expenses, government payments, and other changes.
Available now: Spring 2026 Farm Income Outlook for #Kansas
📈Kansas net farm income is projected to rise 10% in 2026, even as U.S. net farm income declines. Driven by:
💲government payments
🐮strong cattle prices
🌽stable crop receipts
Read the report: raff.missouri.edu/state-outl…
ALT Graphic from the University of Missouri Rural & Farm Finance Policy Analysis Center announcing the “Spring 2026 Farm Income Outlook for Kansas.” The chart shows Kansas net farm income rising 10 percent from $8.81 billion in 2025 to $9.66 billion in 2026. Increases come from crop receipts, livestock receipts, crop insurance indemnities, and government payments, while production expenses and other changes reduce income.
Available now: Spring 2026 Farm Income Outlook for Missouri
📉 A trend of tighter margins continues. Net farm income is projected to fall 6% in 2026
🐔 Livestock receipts projected down 11% ($0.95B).
🌽Crop receipts projected down 2% ($0.1B).
Read more at raff.missouri.edu/missouri-o…
ALT The illustration depicts the waterfall chart from the Spring 2026 Farm Income Outlook for Missouri. Missouri net farm income is projected to decrease by 6% in 2026.
📰 Farm Income Outlooks Update: Global events are shaping the future, and we want to make sure our projections are solid before we hit "publish." Being transparent and careful matters to us — and so does your trust in our work. Stay tuned! The reports will be published soon.
Spring 2026 Farm Income Outlooks are on the way! State-level reports for Missouri, Arkansas, Illinois, Indiana, Iowa, Kansas, Minnesota, Nebraska, North Dakota and Texas will include net farm income projections.
Get the announcement in your inbox: raff.missouri.edu/#signup
ALT Spring 2026 Farm Income Outlooks are on the way! Subscribe for email updates. Link in post.
RaFF recently convened the first meeting of Missouri’s Early Warning System (EWS) Committee. Discussion included emerging financial conditions in the farm economy and how producers are navigating current economic pressures.
Read this report and more at raff.missouri.edu/farm-finan…
Policy Brief: Strategic Policy Alternatives to Support Conservation Practices
➡️3 scenarios for EQIP policy design and simulated results on their adoption when farmers can also stack payments from voluntary private carbon initiatives (VPCIs).
Read it at raff.missouri.edu/policy-bri…
📢 New Policy Brief: Final estimates for 2024 ARC-CO and PLC program payments. 📈
Total payments projected at $2.34 billion for all commodities. Report provides insights into distribution, state-by-state impact, commodity breakdowns and maps by county.
raff.missouri.edu/policy-bri…
📰 AVAILABLE NOW 📰 SHOW-ME 2026: MISSOURI AGRICULTURAL OUTLOOK
📈 📉 RaFF's 2026 Missouri Agricultural Outlook is now available. It is an essential roadmap for producers and stakeholders regarding economic shifts in the ag landscape. 📈 📉
raff.missouri.edu/missouri-a…