Oklahoma Farm Income Drops for Crop Producers, Rises for Cattlemen

Oklahoma Farm Economy Splits: Crops Struggle While Livestock Thrives

A new multi-state farm income survey shows a widening divide in the Oklahoma farm agriculture economy. While crop producers are facing tightening margins, the livestock sector — especially cattle — is booming due to exceptionally high beef prices.

The data reflects broader trends across the region, with farmers in several states reporting similar patterns.

Crop Producers Facing Financial Pressure

Producers who rely primarily on growing crops are reporting weaker revenues, driven by lower commodity prices, high input costs, and weather-related challenges that have made yields more unpredictable.

Many farm families say they are dealing with rising fertilizer costs, equipment expenses, and limited profit margins heading into 2024–2025 planning seasons.

High Beef Prices Fuel Strong Livestock Economy

While crop producers struggle, cattle ranchers are experiencing historically strong returns. High demand for beef — both domestic and international — is pushing prices upward, giving ranchers more financial stability than they’ve seen in recent years.

Oklahoma is one of the top cattle-producing states in the country, and the strong livestock market is helping offset weaknesses in other parts of rural economies.

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