Farmers are uncertain about business outcomes in the next two years. Sixty percent believe their profitability will remain stable or increase.
Future profit outlook,
% of respondents (n = 1,354)¹
Future profit outlook by farm size,
% of respondents
Q: How do you expect your profits to change in the next 2 years?
(< 2,000 acres) n = 1,109
Small farms
(2,000–5,000 acres)
n = 157
Medium farms
(> 5,000 acres) n = 88
Large farms
I believe profits will be slightly or much higher
I believe profits will remain stable
I believe profits will be slightly or much lower
28
31
42
43
31
26
35
30
35
Figures may not sum to 100%, because of rounding.
Source: McKinsey US Farmer Insights 2022–23 (n = 1,354)
¹
35
30
35