Missouri Farm Income Projected to Decline in 2023

State-level report identifies key changes in projected net farm income.

COLUMBIA, Mo.

— Missouri’s net farm income is predicted to fall in 2023 following a record-setting 2022, according to the spring 2023 Missouri Farm Income Outlook report.

The report, released by the Rural and Farm Finance Policy Analysis Center (RaFF) at the University of Missouri, provides comprehensive insights that can equip industry stakeholders and policymakers with information to understand the state-level impacts of economic factors, weather and policy initiatives on the agriculture industry. One factor that could explain this projected drop in farm income is the state’s livestock receipts, which were impacted by the country-wide drought that reduced cattle inventories and supported Missouri marketings, which is the physical sale of live animals, said RaFF interim director Scott Brown.

“Our report projects that Missouri net farm income is tapering off from a record high in

2022,” Brown said. “Production expenses remain stubbornly high while cash receipts decline under the assumption of average weather resulting in a squeeze to Missouri producers’ bottom line. Missouri follows the national projection for a downward trend in the near term.”

In the report, a 14% decrease in net farm income is forecasted to occur across the state’s agriculture industry this year, compared to a projected 19% decrease in U.S. net farm income. The report’s key predictions include:

*Crop receipts are projected to decrease by $430 million in 2023. Statewide-planted acres sit at 14 million with soybeans making up nearly 6 million acres. Corn-planted area remains flat while hay-, wheat- and rice-planted acres experience slight increases from 2022 to 2023.

*Livestock receipts are expected to decrease by $400 million in 2023.

*Inventories for cattle, hogs and poultry make a rebound from 2022.

*Production expenses are forecast to increase

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This will also affect campers who visit during the Putnam County Fair. In previous years, fair-going campers that have stayed one month prior to the fair, up until the last day of the fair have been given a discount of $100. At $20 per day the cost for such stay would be $600, campers pay only $500. With the new price increase, we have decided to give the campers a steeper discount of $200. Campers will be charged only $550 instead of $750 for their stay during the Putnam County Fair. by $230 million in 2023, despite a slight decline in fertilizer, feed and fuel costs.

“RaFF’s state-level insights are critical for decisionmakers,” said Brown, who is also an associate extension professor of markets and policy in the College of Food, Agriculture and Natural Resources. “By understanding how farmers’ and rural communities’ incomes are impacted by various factors, these individuals can be equipped with insights for program and policy discussions.”

Editor’s Note: The

EJ TCTAC’s ...

Missouri Farm Income Outlook and all associated data tables are available on the center’s website [https://ruralandfarmfinance.com]

About RaFF: The MU Farm and Rural Finance Policy Analysis Center (RaFF) is a Congressionally funded research policy center that implements objective analysis to inform decisionmakers on issues affecting farm and rural finances using a network of state and regional experts and state farm income models. Learn more online at ruralandfarmfinance. com.

Continued from pg. 13 community engagement, meeting facilitation, and translation and interpretation services for limited English-speaking participants, thus removing barriers and improving accessibility for communities with environmental justice concerns. Each of the technical assistance centers will also create and manage communication channels to ensure all communities have direct access to resources and information.

EPA will deliver these resources in collaboration with the U.S. Department of Energy, whose funding allows the EJ TCTACs to provide support for identifying community oppor- tunities for clean energy transition and financing options, including public-private partnerships supporting clean energy demonstration, deployment, workforce development and outreach opportunities that advance energy justice objectives.

The formation of the EJ technical assistance centers is in direct response to feedback from communities and environmental justice leaders who have long called for technical assistance and capacity building support for communities and their partners as they work to access critical federal resources. The 17 centers will provide

Job Opening

Putnam County Clerks office is accepting applications for the following position: SECRETARY comprehensive coverage for the entire United States through a network of over 160 partners including community-based organizations, additional academic institutions, and Environmental Finance Centers, so that more communities can access federal funding opportunities like those made available through President Biden’s Inflation Reduction Act and Bipartisan Infrastructure Law.

A brief summary of the job duties are as follows, but not limited to: Answering phones, general filing, general reports for the office, budgeting and financials, assist with elections, and assisting the county clerk where needed. Applicants must be self-motivated, must be able to work well with the public, possess excellent computer skills, be well organized and able to work fluently with other offices in the courthouse. Must be able to lift 50lbs (Election Equipment). Must be able to identify and maintain confidential information.

*Applications may be obtained in the County Clerk’s Office at 1601 main Street, Room 101, during business hours 8:30am - 12pm and 1pm - 4:30pm. We will be accepting applications until August 27th, 2023.

Please keep in mind the county does NOT offer health insurance benefits. Putnam County Courthouse is an EOE.

In addition to Wichita State University, EPA has selected 13 other organizations to serve as Environmental Justice Thriving Communities Technical Assistance Centers, along with their partners:

University of Connecticut

West Harlem Environmental Action, Inc.

Inter-American University of Puerto Rico-Metro Campus

National Wildlife Federation

Deep South Center for Environmental Justice

Research Triangle Institute

Blacks in Green

University of Minnesota

New Mexico State University

University of Arizona

San Diego State University

Willamette Partnership

University of Washington

In addition, EPA has selected three national EJ TCTACs that will provide additional assistance across the country, with particular capacity to assist Tribes, including:

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The EJ TCTAC program is part of the Federal Interagency Thriving Communities Network and delivers on the Biden-Harris Administration’s Justice40 Initiative to ensure that 40% of the benefits of certain federal investments flow to disadvantaged communities. The new technical assistance centers will help ensure communities with environmental justice concerns can access President Biden’s historic investments in America to address generational disinvestment, legacy pollution, infrastructure challenges, and build a clean energy economy that will lower energy costs, strengthen our energy security, and meet our climate goals.

This announcement builds on the $100 million announced earlier this year under the Environmental Justice Government to Government Program and the Environmental Justice Collaborative Problem-Solving Cooperative Agreement Program, with applications due on April 14, 2023. EPA has also announced $550 million through the Environmental Justice Thriving Communities Grantmaking Program, with applications due May 31, 2023.

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