This has been a better year for net farm income. MinnStar Bank Farm Management Analyst and Vice President Kent Thiesse says the latest USDA projection has net farm income at $113 billion. Of that, $85 billion is coming from crop and livestock receipts and the rest is coming from government payments. “We are on comparable net farm income levels to 2012 and 2013 when we had higher prices and tighter grain stocks. In a short period of time, we’ve reverted back to that era. It will be interesting to see where we go from here.” Well Grounded is a monthly podcast hosted by Jayson Menke of Acres & Shares and Randy Koenen of the Red River Farm Network.
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