USDA: Farm Income Increase for Livestock, Decrease for Grain Producers

December 20, 2017 03:44 PM

The Farm Credit Administration has released its quarterly report on financial conditions.

The USDA is forecasting a rise in farm income from $93.3 billion in 2016 to $96.9 billion in 2017 because of diversification in livestock and higher cash receipts.

Grain farmers have a different forecast—they’re expected to see lower cash receipts for most crops.

Hear why Don Close, senior analyst of animal protein at RaboResearch, is optimistic moving into 2018 on AgDay above.

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Spell Check

Adam Skinner
Dodge City, KS
12/21/2017 10:11 PM

  Low income for the grain farmers is there own fault. Overproduction = low prices.


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