USDA projects net farm income to increase $35 billion from 2019, but an ag economist says there’s more to the story.
David Widmar is with Ag Economics Insights. “Not everyone is doing better,” he says. “The rising tide hasn’t lifted all ships equally. Livestock has been particularly hard hit, the infusion of direct payments is positive, but it hasn’t been uniform across all commodities.”
He tells Brownfield much of the net farm income for 2020 came from historically high direct payments.
