National Agri-Marketing Association
NAMA Website
Upcoming Events
Chapters
Agri-Marketing Conf
Best of NAMA 2020












USDA: FARM SECTOR PROFITS FORECAST TO INCREASE IN 2019
Source: USDA news release



Inflation-adjusted U.S. net cash farm income in 2019 is forecast to increase $2.7 billion (2.9 percent) to $95.7 billion, while U.S. net farm income (a broader measure of farm sector profitability that incorporates non-cash items, including changes in inventories, economic depreciation, and gross imputed rental income) is forecast to increase $5.2 billion (8.1 percent) to $69.4 billion.

The 2019 forecast increases are due to a combination of lower production expenses, which are subtracted out in the calculation of net income, and increases in the value of agricultural sector production.

These factors contributing to higher income are expected to more than offset the forecast decline in direct Government farm payments.

If forecast increases are realized, net farm income and net cash farm income would be 22.9 percent and 11.5 percent below their respective averages calculated over the 2000-17 period.

Find additional information and analysis on ERSís Farm Sector Income and Finances topic page, reflecting data released March 6, 2019.


Search News & Articles














Proudly associated with:
American Business Media Canadian Agri-Marketing Association National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters American Agricultural Editors' Association Livestock Publications Council
All content © 2022, Henderson Communications LLC. | User Agreement