A group of leading ag economists is projecting strong net farm incomes for the next couple years.
John Kruse is with the University of Missouri’s Food and Agricultural Policy Research Institute…
“We’ve got very strong commodity prices that’s leading us to very strong net farm income levels,” Kruse said. “We have to keep an eye on our fuel and fertilizer expenses on that side, and possibly labor here.”
He said the Russian – Ukrainian war has been the main market driver for grains noting tight ending stocks expectations, but livestock prices are finding support too.
