In September 2025, the U.S. Department of Agriculture (USDA)’s Economic Research Service (ERS) released state-level farm income estimates through calendar year 2024 and national farm income projections for calendar year 2025. The present report published by the Rural and Farm Finance Policy Analysis Center (RaFF) and the Center of Agricultural Policy and Trade Studies (CAPTS) at North Dakota State University (NDSU) provides an updated outlook for North Dakota farm income in calendar years 2025 and 2026. It intends to inform policymakers, industry analysts, and agricultural practitioners about the state agricultural sector’s expected profitability and its main drivers.
