Farm and Ranch Economic Outlook
The landscape of U.S. agriculture in 2025 is marked by cautious optimism. After two years of declining farm income, projections point to a rebound—but much of that growth is tied to government support rather than strong commodity pricing. At the same time, global trade dynamics are shifting again, water policy is tightening in key regions, and input costs remain historically high.
This Spring 2025 edition of the Conterra Farm & Ranch Report takes a grounded look at the financial, operational, and structural pressures producers are navigating. We explore the forces shaping profitability today and examine how producers, lenders, and agribusinesses can position themselves for the long term.
Inside the report, you’ll find an updated outlook on farm income, land values, crop and livestock trends, trade tensions, and a deep dive into California’s evolving water policy. Whether you’re operating in the field, financing growth, or advising producers—this report offers a clear perspective on where agriculture stands and what could come next.
Conterra Outlook Report
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