U.S. Farm Income: Latest Projection for 2016
posted by S. Patricia Batres-Marquez on Friday, December 23, 2016
U.S. net cash income (gross cash income minus cash expenses) and U.S. net farm income (total gross income minus total expenses) in the 2016 calendar year are forecast to decline year over in response to low commodity prices. The latest USDA-ERS's Farm Income and Wealth Statistics data published on November 30, 2016, indicates that compared with the previous year, U.S. net cash income is expected to fall 14.6% to $90.1 billion.
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