Farm net incomes are going up. American Sugar Alliance Director of Economics and Policy Analysis Rob Johansson credits the increase to crop and livestock values remaining strong through 2021. “From the December USDA release, farm income is expected to be up in 2021 relative to 2020, up over 18 percent since last year.” With increased income came increased expenses as well. “Expenses are up significantly in 2021 and we can expect that in 2022 with an increase in fuels, livestock and feed grains up, along with fertilizer prices.”
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