2015 Net Farm Income Estimate Turn More Pessimistic

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by David Widmar and Brent Gloy

Last week the USDA’s updated estimate of U.S. net farm income in 2015 was ratcheted lower. Earlier this spring, estimates were that net farm income would be substantially lower than the recent highs, but returning to levels near the long-run average (as we pointed out here). The latest estimate, however, casts a more pessimistic outlook for 2015 and the subject of this week’s post. Continue reading