The USDA’s first forecast of 2019 farm income shows a 10-percent increase to nearly 70 billion dollars.
USDA economist Warren Preston says increased crop and livestock receipts are partially offset by higher production expenses. And Preston says they’re also projecting an almost four-percent increase in farm debt this year.
“The sector’s risk of insolvency is at the highest level
since 2002 but we’re still well below the levels that we saw in the 1980s.
Continue reading USDA 2019 farm income forecast up at Brownfield Ag News.
