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Latest 2024 farm income forecast shows overall decrease from 2023 • South Dakota Searchlight

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Latest 2024 farm income forecast shows overall decrease from 2023 • South Dakota Searchlight


Farm income is forecasted to have decreased in 2024 by 4% from 2023, largely because of a decrease in cash receipts, or the gross income, from the sale of commodity crops, according to the December update of the U.S. Department of Agriculture’s farm income forecast.

Carrie Litkowski, the farm income team leader with USDA Economic Research Service, presented the latest update in a webinar Tuesday, and said the forecast was very similar to its previous September iteration.

“But somehow it feels a little more important, as we near the end of the year, to evaluate the current state of the farm economy as a starting point for considering what challenges and opportunities may lie ahead for U.S. agriculture,” Litkowski said.

Net cash farm income for 2024 is projected to be $158.8 billion, which in inflation-adjusted figures is 3.5% lower than net cash farm income in 2023. The forecast shows the 2024 figure, however, is 9.8% above the 20-year average for net cash farm income, and represents a less gradual decline than that of 2022 to 2023.

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Net cash farm income is the income minus expenses of the farm, including government payments, but excluding things like changes in inventories or economic depreciations, which are reflected in the “net farm income” figures.

The sale of agricultural commodities is projected to decrease by less than 1 percent overall as an over 8% increase in animal and animal product receipts nearly offsets the over 9% decrease in forecasted crop receipts.

Because of this, net cash income for all farm businesses specializing in crops is forecasted to be lower this year than last, but all farm businesses specializing in animal or animal products are expect to have higher net cash farm income than they did in 2023.

This could mean lower net cash income for the farming sector in South Dakota for 2024, as the first and third largest category of cash receipts on South Dakota farms in 2023 were corn and soybeans, which are projected to decrease, nationally, by 23% and 14% respectively in 2024.

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The data used in the USDA ERS forecasts represents the entire farming sector of nearly 2 million farms and ranches. Litkowski said the reports are used to inform policy makers and lenders, and in determining the ag sector’s contributions to the U.S. economy.

It’s forecasted that farmers in 2024 will have a decreased need of supplemental and disaster assistance, as well as lower dairy margin payments. That will result in a forecasted $1.7 billion decrease from 2023 in direct government payments to farmers.

Litkowski said natural disasters like hurricanes Helene and Milton have not yet shown up in the data, because much of the harvesting in the affected regions had already been completed at the time of the hurricanes, and payments have not yet been issued.

“Natural disasters have the potential to affect farm income, and historically, they have,” Litkowski said. “Sometimes it just takes time to know the impacts.”

USDA also forecasts overall lower input costs, primarily in feed fertilizers and pesticides for farmers in 2024. Other inputs, however, like labor, interest rates and livestock and poultry purchases are forecasted to have increased.

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Median farm income for 2024 is expected to increase to $100,634, which is almost 3% higher, without adjusting for inflation, from 2023. Off-farm income, which represents the biggest share of income for most on-farm families, is projected to increase in 2024, after decreasing slightly over the past three years.

Litkowski clarified that “half of all farms are residential farms” where the owner’s primary occupation is not farming, which typically leads the median on farm income to appear as a negative amount.

The forecast will be updated again Feb. 6 when the department will release its first projections for 2025.

Iowa Capital Dispatch is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. Iowa Capital Dispatch maintains editorial independence. Contact Editor Kathie Obradovich for questions: [email protected]. Follow Iowa Capital Dispatch on Facebook and X.
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17 Republican attorneys general, including South Dakota’s, sue California over plastics law

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17 Republican attorneys general, including South Dakota’s, sue California over plastics law


Seventeen Republican attorneys general, including South Dakota’s, have sued California over a state law that requires plastic packaging producers to move away from single-use plastics, alleging that the law will raise costs for consumers across the country.

Led by Nebraska Attorney General Mike Hilgers and the National Association of Wholesaler-Distributors, the

complaint

filed Monday in the U.S. District Court of the Eastern District of California challenges California’s Plastics Act. Under the law, which took effect May 1, plastic packaging producers

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must reduce single-use plastic

by 25% and ensure all packaging is recyclable or compostable by 2032.

Joining Hilgers in the lawsuit are the attorneys general of Alabama, Florida, Georgia, Idaho, Indiana, Iowa, Louisiana, Missouri, Montana, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah and West Virginia. They say the law is an attempt by California “to impose its own policy preferences on the entire nation.”

The law “will cause steep and persistent price increases” on products used daily by consumers in other states, the plaintiffs argue.

South Dakota Attorney General Marty Jackley said in a news release that the California law “imposes unreasonable, burdensome requirements on businesses and consumers nationwide.”

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The attorneys general also assert that the law violates the Commerce Clause of the U.S. Constitution by interfering with interstate commerce, and that it improperly extends regulatory authority to a private organization. California appointed a nonprofit, the Circular Action Alliance, to help develop, administer and implement the law.

“Once again, California is trying to enact a policy that negatively impacts the rest of the country. If California goes unchecked, consumers will be forced to pay more for basic necessities,” Hilgers said in a news release. “Nebraska is continuing to fight for consumers against California’s overreach.”

Environmental advocacy groups also

sued

California earlier this month, alleging the new regulations “fall short” in meeting the state’s aims of reducing plastic packaging, and that they contain loopholes for producers.

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— This story was originally published on southdakotasearchlight.com.





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SD Lottery Millionaire for Life winning numbers for June 25, 2026

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The South Dakota Lottery offers multiple draw games for those aiming to win big.

Here’s a look at June 25, 2026, results for each game:

Winning Millionaire for Life numbers from June 25 drawing

03-13-14-34-45, Bonus: 01

Check Millionaire for Life payouts and previous drawings here.

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Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your prize

  • Prizes of $100 or less: Can be claimed at any South Dakota Lottery retailer.
  • Prizes of $101 or more: Must be claimed from the Lottery. By mail, send a claim form and a signed winning ticket to the Lottery at 711 E. Wells Avenue, Pierre, SD 57501.
  • Any jackpot-winning ticket for Dakota Cash or Lotto America, top prize-winning ticket for Lucky for Life, or for the second prizes for Powerball and Mega Millions must be presented in person at a Lottery office. A jackpot-winning Powerball or Mega Millions ticket must be presented in person at the Lottery office in Pierre.

When are the South Dakota Lottery drawings held?

  • Powerball: 9:59 p.m. CT on Monday, Wednesday, and Saturday.
  • Mega Millions: 10 p.m. CT on Tuesday and Friday.
  • Lucky for Life: 9:38 p.m. CT daily.
  • Lotto America: 9:15 p.m. CT on Monday, Wednesday and Saturday.
  • Dakota Cash: 9 p.m. CT on Wednesday and Saturday.
  • Millionaire for Life: 10:15 p.m. CT daily.

This results page was generated automatically using information from TinBu and a template written and reviewed by a South Dakota editor. You can send feedback using this form.



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South Dakota Supreme Court upholds Box Elder burglary, assault convictions

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South Dakota Supreme Court upholds Box Elder burglary, assault convictions


RAPID CITY, S.D. (KOTA) – The South Dakota Supreme Court has upheld the convictions of a Pennington County man sentenced for threatening a Box Elder resident with a handgun during a 2025 home invasion.

In a unanimous decision, the court affirmed the convictions of Chris David Kujawa, who was found guilty of first-degree burglary and aggravated assault with a deadly weapon. A Pennington County jury convicted Kujawa in May 2025, and he was sentenced to concurrent 12-year prison terms.

According to trial testimony, Kujawa forced his way into a Box Elder home, accused the homeowner of stealing property and pointed a handgun at the victim’s head while threatening to kill him. The victim testified Kujawa also threatened his wife.

Kujawa appealed the convictions, arguing the trial court improperly limited questions about the victim’s prior convictions and incorrectly responded to a question from jurors during deliberations.

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The Supreme Court rejected those arguments, finding that any error related to the victim’s prior conviction did not affect the outcome of the case and that the judge properly directed jurors to review instructions that accurately stated the law.

“The Supreme Court’s decision affirms the jury’s verdict and recognizes the strength of the evidence presented at trial,” Attorney General Marty Jackley said in a statement.

The Attorney General’s Office represented the state during the appeal.

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Copyright 2026 KOTA. All rights reserved.



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