USDA is forecasting a nearly five percent increase in net cash farm income. At $69 billion, net farm income is well below the $90 billion average seen since the year 2000. Meanwhile, farm debt is projected increase nearly four percent. “The sector’s risk of insolvency is at the highest level since 2002, but we’re still well below the levels seen in the 1980s,” said USDA Deputy Chief Economist Warren Preston. Working capital levels are expected to drop nearly 25 percent this year.
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