by Brian Consiglio, University of Missouri

The Fall 2025 Missouri Farm Income Outlook  forecasts an increase in net farm income, largely due to a boost in livestock receipts and government payments, according to the Rural and Farm Finance Policy Analysis Center (RaFF) at the University of Missouri (MU).

Published twice a year, the report provides statewide projections of major farm financial indicators for Missouri, analyzing cash receipts, production data, government payments and other factors to estimate the state’s net farm income. Missouri’s net farm income is projected at $5.39 billion in 2025, a 58% increase from 2024.

“When planning for 2026, farmers and ranchers should take action to secure sufficient liquidity to operate under sustained tight margins, barring unanticipated new government payments or pent-up demand for agricultural commodities.” — Alejandro Plastina

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.