2014 Ag Outlook
Net cash farm income could hit $110 billion in 2014…$8 billion or so more than USDA estimated in February according the Kiplinger’s Ag Newsletter, but below record high income levels nationwide for all producers the past three years. They also point out that income will vary greatly by enterprise, with some producers blessed and others in pain. Corn Belt grain operations, especially, may be squeezed. Land prices, rent and other inputs which rose steadily in past years, won’t drop as quickly as the grain markets have.
Read more of the this article and the rest of the April 2014 AG newsletter