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

Springfield Livestock Market
Springfield Livestock Market
(Sara Brown)

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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