Source: Chuck Abbott, SUCCESSFUL FARMING, 6/10/20


The government will send a record $32.8 billion in direct payments to farmers this year, but the economic slowdown triggered by the coronavirus still will pull down farm income by 3%, said the FAPRI think tank at the University of Missouri on Tuesday. Federal supports would amount to 36% of farm income, its largest share since 2001. Trade war and coronavirus relief payments would account for the bulk of the payments. Both are temporary programs, ending this year. After dipping to $90.6 billion this year, farm income would fall by 21% in 2021, to $79.4 billion, “

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