Source: Jim Wiesemeyer, THE PACKER, 9/3/21


USDA's latest net farm income forecast paints an optimistic picture.  Net cash farm income, which tracks producers’ cash flow, is forecast by USDA at $134.7 billion for 2021. That number is up $6.4 billion from February’s forecast and would be an increase of 21.5% from 2020's $110.9 billion. As reported in February, ProFarmer indicated farm income forecasts were too low.

For more of this story, click here.