NEWS
Net Farm Income Falling Fast
Chris Clayton DTN Ag Policy Editor
Mon Aug 31, 2015 10:53 AM CDT

OMAHA (DTN) -- USDA is offering a bleak outlook for net farm income this year with new projections Tuesday citing net farm income for 2015 will fall 36% from last year, the sharpest one-year decline since 1983.

If the figures hold true, net farm income would come in at about $58.3 billion in 2015, down from $91.1 billion in 2014, USDA's Economic Research Service stated in a report on Tuesday.

To cast the figure in an even darker light, farmers in 2015 will earn 53% less than in 2013 when net farm income hit a record high of $123.7 billion. ...

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