National Ag News
Lower farm incomes the new normal
A farm business management specialist says a depressed farm economy isn’t just a blip after a few bad years.
Dale Lattz with the University of Illinois tells Brownfield working capital for some farmers is starting to dwindle after four years of continued low commodity prices. “I think it’s becoming a little more serious for some producers and those that have been draining working capital and continue to do that, obviously there gets to be a point where the resources aren’t there any more or for example, some individuals that are at retirement age may say there’s no use moving forward here.”
He says most farms continue to have good net worth because of rising land values and machinery investments from when prices were at their peak, which will help give them some options to stay afloat.
Continue reading Lower farm incomes the new normal at Brownfield Ag News.
