Kansas Ag News

A USDA Economic Research Service projects for farm profits are mixed through 2030. The service provides forecast for net cash farm income and net farm income. Two major profitability indicators of the ag sector net farm income is a broader measure of the farm sector profitability incorporates non cash items. Net Cash farm income includes only gross cash income minus all those cash expenses from last year ers forecast net farm income to be $123 billion $31 billion more than the 20 year average net farm income $139 billion for the projections estimate the profitability indicators will rise in 22 then level off through 2030 because of a projected increase in production expenses in 2030.