USDA says that an already grim financial picture in the farm sector has already gotten worse and will continue to do so, after dropping for the third consecutive year. Net cash farm income is forecast at $90.1 billion, down 14.6 percent from 2015, and down from $94.1 billion seen in August. Net farm income, meanwhile, is seen at $66.9 billion, a 17.2 percent drop from last year. The decreases come after the sector set record highs for farm income in 2012 and 2013.
Read the entire article by Agri-Pulse here.