Wisconsin Farmers Likely to Face a Loss This year

Thursday, October 10th, 2024 -- 10:01 AM

(Bob Hague, Wisconsin Radio Network) Farmers in Wisconsin and across the country will likely face a loss this year.

According to Bob Hague with the Wisconsin radio Network, the U.S. Department of Agriculture’s September 2024 Farm Income Forecast shows a decrease of almost five percent.

Reasons for the shortfall include a drop in demand for household produce, a wet early summer making plant growth difficult, and challenges in finding farm workers.

Those income projections may lead to a $6.5 billion loss for farmers across the country and will likely cause many to tighten spending until next spring.

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