Items Tagged with 'carrie litkowski'

Buoyed by the Trump administration's trade mitigation payments, U.S. farm income is expected to increase for the third straight year, but still will not come close to its 2013 peak.

Increased production costs are cutting into farm income, which is expected to fall 12 percent in 2018, USDA’s Economic Research Service said Friday.

USDA today forecast net farm income for this year at $65.7 billion, up from a February projection but down $9.8 billion, or 13 percent, from 2017, when the broad measure of farmland profits increased nearly 23 percent.

Net farm income for 2018 is projected to hit the lowest level since 2006, according to a report released today from the USDA's Economic Research Service.