USDA predicts $11B drop in 2018 farm income, with cash income hitting 9-year low
Farm income will drop nearly 15 percent this year to $65.7 billion, according to the U.S. Department of Agriculture, Successful Farming reported. Inflation-adjusted U.S. net farm income is forecast to decline $11.4 billion this year, while inflation-adjusted U.S. net cash farm income is forecast to decline $14.6 billion to $91.5 billion.