National Ag News
Farm income drop prompts cash rent conversation
Nov 27, 2017, 17:29 PM
by
System
Grain farmers’ net income is forecast to be about $60,000 per farm in 2017 – down from $94,000 is 2016. University of Illinois farm management specialist Gary Schnitkey says the projection is lower because of declines in corn and soybean prices as well as lower Agricultural Risk Coverage (ARC) payments. Costs, says Schnitkey, are outstripping revenue.
“The three items that you can sort of look at now for those costs to come is either seed costs, reductions in capital purchases or cash rents,” Schnitkey told Brownfield Ag News.
Continue reading Farm income drop prompts cash rent conversation at Brownfield Ag News.
