Largest Farm Co-op Says More Struggles Ahead

The largest agriculture cooperative predicts more pain ahead for the industry.   Carl Casale, CEO of CHS, says net farm income is falling faster than cash receipts indicating that fixed costs are too high.  During the National Grain and Feed Association convention in San Diego, he told attendees the U.S. farm economy is not at the bottom yet.

CHS is planning to cut expenses this year and will freeze cost over the next two years to avoid trimming its workforce.  USDA estimates farmers  this year will see a net farm income will drop more than 50% from its recent high of $123.3 billion in 2013.

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