Source: Anna-Lisa Laca, AGWEB, 8/30/19


The USDA Economic Research Service on Friday updated their net farm income forecast for 2019. The agency expects net farm income to increase $4.0 billion or 4.8% from 2018 to $88 billion in 2019. If realized, inflation-adjusted net farm income would remain slightly below its historical average of $90.1 billion. USDA data notes the increase in government payments and flat expenses are the driving forces behind the income increase.  Overall, USDA expects farm cash receipts to decrease $2.4 billion to $371.1 billion in 2019.

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