By NATHAN STUEDLE
St. Joseph Post
The Food and Agricultural Policy Research Institute at the University of Missouri released its 2025 U.S. Agricultural Market Outlook report. The outlook for U.S. farm finances is characterized by two competing story lines. For producers of many crops, net returns are down sharply from recent peaks as output prices have declined more than input costs. The cattle sector, in contrast, is experiencing record prices and returns to cow-calf producers.