Shock Therapy for Finances
Marcia Zarley Taylor DTN Executive Editor
Fri May 29, 2015 02:19 PM CDT

HADDONFIELD, N.J. (DTN) -- Anyone who has entered grain farming since 1990 must be bracing for a little shock therapy.

Inflation-adjusted farm incomes are expected to bust a 25-year-old record over the next few years, if USDA forecasts hold. That's giving a new urgency to proactive planning for 2016, says AgriBank Chief Credit Officer Jeff Swanhorst, who monitors the Farm Credit System's credit quality in 15 central states. Already, 2015 incomes are falling more sharply than in 2006 and 2009. USDA's long-term forecasts project net farm incomes through 2024 "lower than the 1990s and a whole lot lower than the ...

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