|Money in billions. (USDA chart; click on itto enlarge it.)|
"In comparison to better days, net farm income in 2013 was $123.8 billion before the numbers began trending downward. 2018 is higher the recent floor, which was $61.6 billion in 2016," Chris Clayton reports for DTN/The Progressive Farmer. "A narrower figure, "net cash farm income," is projected to fall $12.4 billion to $91.5 billion for the year. Net cash farm income takes into account cash receipts from farming as well as government payments, minus cash expenses."