National Ag News
Farm income drop results in less capital spending
Oct 16, 2017, 16:58 PM
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System
Many farmers have responded to declines in income by reducing capital spending.
“There just isn’t much left to make capital expenditures,” said Dr. Michael Langemeier, professor in the Department of Agricultural Economics at Purdue University’s Center for Commercial Agriculture.
The dip in farm income since 2013 has resulted in reduced spending for machinery, equipment and buildings, according to Langemeier.
“Machinery that’s on the farms is depreciating faster than our ability to replace it,” Langemeier told Brownfield Ag News Monday.
Continue reading Farm income drop results in less capital spending at Brownfield Ag News.
