FARM LIFE NEWS
Break Down Break Evens
Mon Dec 2, 2013 09:58 AM CST

The gravy train may be pulling out of the station. USDA forecasts net farm income will be nearly $121 billion in 2013, second only to the record set in 1973. But breakevens are narrowing, as income levels moderate and input costs rise. Economists warn that will require you to be even more diligent to effectively manage risk and protect profitability.

"Analysis of crop budgets suggests shifting market prices could dramatically alter U.S. returns," says Mike Boehlje, Purdue University agricultural economist. "FAPRI [University of Missouri Food and Agricultural Policy Research Institute] estimates that ...

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