An ag economics professor says net farm income is projected lower this year despite run-ups in commodity prices.
Brad Lubben is with the University of Nebraska-Lincoln. “This captures much of the commodity rally we’ve seen to date. It doesn’t capture what we’ve seen in the most recent weeks,” Lubben says. “We also have to acknowledge the current rally is not the same thing as projecting a season average for farm income in the calendar year ahead.”
He says farm incomes might tick up slightly but government payments to producers are getting smaller while at the same time expenses are rising.
