U.S. net farm income is expected to decline this year. NDSU Extension Ag Finance Specialist Bryon Parman says it isn’t a surprise that farmers will be seeing less profit, considering the economy is coming off of a record year for commodity prices and input costs are still high. However, Parman doesn’t see any ready for significant concerns. “Net farm income is down 22.8 percent and net cash income down 26.5 percent, but they’re actually close to the average.”
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