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USDA RELEASES "HIGHLIGHTS FROM THE DECEMBER 2020 FARM INCOME FORECAST" OUTLOOK REPORT
Source: USDA news release

To view the complete report, click here.

Farm sector profits are forecast to increase in 2020. Net farm income, a broad measure of profits, is forecast at $119.6 billion, up $36.0 billion (43.1 percent) from 2019 in nominal terms. Net cash farm income is forecast at $134.1 billion, up $24.7 billion (22.6 percent). Median income of farm households is forecast to increase 4.7 percent to $86,992 in 2020.


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