2021 farm income falls 8% on lower government payments
Story Date: 2/8/2021

 

Source:  Jacqueline Holland, FARM PROGRESS, 2/5/21


As expected, 2021 aggregate farm financials are going to look wildly different from 2020 in the pandemic era. USDA’s Economic Research Service released updated 2020 farm income forecasts and new 2021 income and financial projections earlier today. Projected 2021 net farm income will likely decline 8% from a year ago to $111.4 billion as reduced government aid programs send 2021...

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