Nebraska net farm income is forecast to increase 55% in 2025, to a record $9.42 billion, according to new projections from the University of Nebraska–Lincoln and the University of Missouri.
It would be the highest nominal farm income level on record for the state and third highest after adjusting for inflation, according to the Spring 2025 Nebraska Farm Income Outlook. The report is a collaboration between the Center for Agricultural Profitability at Nebraska and the Rural and Farm Finance Policy Analysis Center at Missouri.
Total farm receipts in Nebraska are projected to increase $731 million, to $33.37 billion, as higher cash receipts from livestock and crop insurance indemnities offset the decline in cash receipts from crops. But the major driver of farm income in 2025 is expected to be the $1.58 billion increase in direct government payments, which would account for 17% of the increase in the state’s net farm income.
The 55% increase in Nebraska net farm income largely exceeds the 30% increase in U.S. net farm income projected by the University of Missouri’s Food and Agricultural Policy Research Institute and U.S. Department of Agriculture’s Economic Research Service.
