2017 Net Farm Income Forecasted Lower, But Conditions Better Than a Year Ago

By David Widmar and Brent Gloy

Last week the USDA provided an update on net farm income estimates, including the first look at 2017. With this report, the USDA confirmed net farm income would be lower for the fourth consecutive year. However, the USDA’s latest estimates were not all bad news. This week’s blog post analyzes the latest USDA estimates and why conditions in 2017 are better than the outlook a year ago. Continue reading