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USDA projects 'moderate' farm income drop in 2016

from AgriPulse

USDA's Economic Research Service released its annual income projections today, and the agency forecasts that farmers will make a little, not a lot, less in 2016 than they made last year. Relative to 2015 figures, net cash income is forecast down 2.5 percent to $90.9 billion and net farm income is projected to drop 3 percent to $54.8 billion. The projected net farm income figure, if realized, would be the lowest since 2002. It would also be the third straight year of decreased net farm income. more


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