ag income

According to the latest numbers out from the University of Missouri, net farm income cloud drop $3 billion. The University’s Food and Agricultural Policy Research Institute released the June update Tuesday. The forecasted decline in net farm income comes as farmers will receive a record total of government payments at $33 billion and total farm support reaching $50 billion in the current fisca

The USDA has forecasted a 9% decline in overall net cash farm income this year.  So, what does that mean for the farm household median income?   “We are expecting in 2020 overall for median farm household income to decline,” said USDA Senior Analyst, Ashley Hungerford.  She added they expe...

How has Washington agriculture changed over the past couple of years?   Chris Mertz with NASS said if you look at the 2017 Census of Ag, which was published earlier this year, one of the biggest notes for the Evergreen state was the drop in both the total numbers of farms and the number of acres.  ...

The USDA expects when we close the finical books on 2019, they will show that farm income increased about 10% year-over-year, thanks primarily to government trade aid payments, as well as total expenses remaining flat.  USDA's Chief Economist Rob Johansson said  total production expenses will end the year higher than 2018 but only by two tenths of one percent; which is pretty much flat.   ... Read