Search: 25.8%
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U.S. Wine Sales Slow and Net Cash Farm Income Down
The Agribusiness Update
U.S. and foreign winemakers are struggling to sell their product, and leaders are increasingly focused on anti-alcohol messaging, and USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease 25.8% in 2024.
USDA Funding for Florida and Net Cash Farm Income Down
The Agribusiness Update
The USDA is allocating more than $5 million to Florida as part of a nationwide effort to strengthen the country’s infrastructure for pest detection as well as the nursery system, and USDA’s Economic Research Service forecasts U.S. net cash farm income will decrease 25.8% in 2024.