Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 2/21/18


On February 7, USDA's Economic Research Service (ERS) released their initial 2018 farm income forecasts. ERS forecasts a number of farm financial measures. The two most commonly reported measures are net farm income and net cash income, and both are predicted to decline in 2018. The recent forecast history, however, suggests that the forecasts are likely to improve.

For more of this story, click here.