The chief economist for American Farm Bureau says farmers will continue to face challenges in 2020.
The USDA projects net cash farm income will fall nearly 10 percent to $109.6 billion this year. John Newton says there are several reasons for that…“A lot of that’s due to the lack of a third MFP payment, but these trade situations are behind us now and we’re dealing with a new type of demand destruction in the form of the coronavirus and I think we’ve found yet another head wind for US agriculture this year,” he says.
