A recent analysis of net farm income finds the Midwest and Great Plains have seen the greatest swings and direct farm payments have made up a larger portion for farmers.
Ag economist David Widmar compared farm economy booms in 2011 through 2013 to 2018 and 2019 to find where the trade war had the greatest impact and the role of direct payments through programs like the Market Facilitation Program.
“Net farm income declined by 33 percent from the peak to 2018/2019 levels.”
He says the Midwest and Great Plains were hardest hit during that period.
