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.