USDA is forecasting net farm income to drop to its lowest level in 12 years in 2018, to $59.5 billion, down more than 50 percent since a record high in 2013. American Farm Bureau Federation market intelligence director John Newton says the projection highlights the tough financial times farmers and ranchers are dealing with:
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Newton says there are alternatives farmers can take to improve their financial situation:
He says there are several uncertainties in 2018 that could change the projection:
That’s AFBF market intelligence director John Newton.