Source: Ben Potter, FARM PROGRESS, 2/21/19


Real net farm income in the U.S. hit a definitive peak in 2013 – topping out at $134 billion – following a commodity price spike spurred by severe drought the prior year. But over the past five years, farm income has fallen dramatically to level out at around $66 billion in 2018. Another year of low commodity prices looms, and that will continue to weigh on farm income, according to USDA chief economist Robert Johansson, speaking at the 2019 Agricultural Outlook Forum in Washington, D.C.

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