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USDA Expects a Decrease in Farm Income
December 05, 2018

According to USDA, net farm income is projected to decrease 12.1 percent to $66.3 billion in 2018, after increasing $13.8 billion in 2017. Meanwhile, net cash farm income is expected to decrease by 8.4 percent, to $93.4 billion. Cash receipts for all commodities are forecast to increase $2.5 billion, When adjusted for inflation, cash receipts are expected to decline $6.1 billion, with decreases of $1.6 billion for crops and $4.5 billion for livestock.


 

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Northarvest Bean Growers Association | 50072 East Lake Seven Road | Frazee, MN 56544
Ph: 218-334-6351 | Fax: 218-334-6360 | Email: nhbean@loretel.net