Farm financial conditions trend weaker again

Brent Gloy, Agricultural Economic Insights

Several years of declining farm income begin to take it’s toll

 Based on the Economic Research Service’s latest farm income forecast, 2018 will not be the year that the farm income situation improves. Farm income has now been in general decline for 4 years and seems to be headed for a fifth in 2019. While the farm sector went into this period in excellent financial health, the downturn has clearly started to take a toll.

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