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Farm sector profits expected to increase in 2019
Other - DECEMBER 12, 2019

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Farm sector profits expected to increase in 2019

by Released

Net farm income, a broad measure of profits, is forecast to increase by $8.5 billion to $92.5 billion in 2019, a rise of 10.2 percent, after increasing in both 2017 and 2018. In inflation-adjusted 2019 dollars, net farm income is forecast to increase $7.0 billion, or 8.2 percent, from 2018. If realized, in inflation-adjusted terms, net farm income in 2019 would be 32.3 percent below its peak of $136.6 billion in 2013 but 2.8 percent above its 2000-18 average ($90.1 billion).

Net cash farm income is forecast to increase by $15.5 billion, or 15.0 percent, to $119.0 billion. Inflation-adjusted net cash farm income is forecast to increase by $13.6 billion, or 12.9 percent, from 2018, and would be 10.0 percent above its 2000–2018 average of $108.2 billion. Net cash farm income encompasses cash receipts from farming as well as farm-related income, including government payments, minus cash expenses. It does not include

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