Source:  SPECTRUM NEWS, 12/12/10

Net Farm Income in 2020 is projected to be up 43% over 2019 according to the American Farm Bureau Federation. According to forecasts, farm income could reach $120 billion in 2020 — the second highest of all time. However, income from sales of agriculture commodities is down $3 billion, or 1%, from 2019. The sharp rise in net farm income comes from federal agriculture relief programs centered around mitigating impact from coronavirus and trade wars on the food system partnered with scheduled farm relief programs already in place from The Farm Bill.

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