January 20, 2020

Ag Economy; and Farm Bill Issues; Natural Disaster Impacts; and Regulations

Agricultural Economy

The U.S. Department of Agriculture’s Economic Research Service (ERS) updated its Farm Income and Costs: 2011 Farm Sector Income Forecast yesterday, and stated that: “Net farm income is forecast at $103.6 billion for 2011, up $24.5 billion for a rise of 31 percent from 2010. Net farm income reflects income from production in the current year, whether or not sold within the calendar year, and is a measure of the increase in wealth from production [related graph].”