Keeping Afloat as Net Farm Income Sinks

February 9, 2018 01:24 PM

This week, the U.S. Department of Agriculture (USDA) its net farm income forecast for 2018, and it could be the industry’s worst in more than a decade.

USDA anticipates net farm income, a broad measure of profits, to decrease nearly 7 percent from 2017 to $59.5 billion, the lowest net farm income number since 2006. Net cash farm income is also forecast to decrease down about 5 percent to $91.9 billion, the lowest level since 2009.

This leaves many wondering how to make money in 2018.

AgDay national reporter Betsy Jibben discusses with Brian Basting, analyst with Advance Trading; Chip Flory, Farm Journal Economist and AgriTalk and AgriTalk After The Bell host; Jarod Creed, analyst of JC Marketing; Craig VanDyke, market analyst with Top Third Ag Marketing; Rod Alt, senior vice president and branch manager with Farm Credit Services Southwest in Tempe, Arizona; and Kevin Good, senior analyst with CattleFax.

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Spell Check

bad axe, MI
2/9/2018 11:23 PM

  You think it's bad now wait until Trump files Bankruptcy on the US debt that's pretty much set in stone with the budget deal passed the other day. Most of the banks are starting to ask for land for security on lines of credit this spring in anticipation of the default on the national debt like they did in the 1920's . Since October when the IMF and THE WORLD BANK let China in as World Reserve Currency the world has been running from the US dollar like the plague and running with open arms to the China Yuan for there reserves to anchor there central banks. The average Joe doesn't understand this is going to get bad and it's going to be bad for decades.