U.S. net farm income is expected to dip slightly in the next two years but an ag economist says the outlook is still positive for U.S. agriculture.
A new report from the Food and Ag Policy Research Institute at the University of Missouri says net farm income is projected at $143 billion in 2023, a sharp decline from last year.
Pat Westhoff with FAPRI says last year’s strong farm income was unusual and farmers shouldn’t expect the level of prices or income to continue.
