USDA is projecting a slight increase in 2019 farm income. USDA Deputy Chief Economist Warren Preston says the increase is small. “We look at the checkbook approach: money in versus money out. The net cash farm income is projected at $95.7 billion, up 2.9 percent from last year,” he says. “If you take into account the more comprehensive balance sheet approach, looking at depreciation, cost of capital and changes in inventories, net farm income is projected at $69.4 billion.” Preston is worried about a farm sector trends like interest expenses and feed costs.
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