Home > News > Farm Income Forecasts Promising for Producers

One hundred dollar bill in pile of cornFarm sector profits are expected to rise again this year, according to USDA’s Economic Research Service Farm Income Forecast Report, continuing the trend of increased farm income since 2016. The increase is welcome news after years of downturned prices and farm bankruptcies. Farm debt is forecasted to decrease 0.2%, the first decrease in nearly a decade. Higher commodity prices, livestock income and government payments all play a role in USDA’s latest forecast. Read more on USDA’s projections.

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