 |
| CLICK HERE TO VIEW CURRENT ISSUE |
|
 |
|
USDA RELEASES "HIGHLIGHTS FROM THE DECEMBER 2020 FARM INCOME FORECAST" OUTLOOK REPORT
Dec. 8, 2020
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.
|
|
|
|
|
