USDA Predicts 12 Percent Drop in Farm Income

December 4, 2018

USDA Predicts 12 Percent Drop in Farm Income Net farm income, a broad measure of profits, is forecast to decrease $9.1 billion, or 12.1 percent from 2017 to $66.3 billion in 2018, after increasing $13.8 billion in 2017. The Department of Agriculture’s Economic Research Service recently announced the forecast. USDA says, meanwhile, net cash farm income is forecast to decrease $8.5 billion, 8.4 percent, to $93.4 billion. Net farm income is a comprehensive indicator of U.S. farm profitability, while, net farm cash income les