The U.S. Department of Agriculture (USDA) is forecasting net farm income will drop sharply this year on lower revenue from crops and livestock while input costs remain high.The report estimates farm income to fall 15.9% from last year, while costs are expected to increase more than 4%, on top of a record increase in production expenses last year.The total $136.9 billion estimate for 2023, however, will still be 26.6% above the 20-year average for farm earnings when adjusted for inflation.Increased operating costs, lower prices for livestock and crops and the end of pandemic-related assistance are among the factors that will ...