The Ag Economy: Tough Times for Farmers in 2019

Net farm income is forecast to grow almost 4.8% to $88 billion in 2019, but this broad measure of profits includes financial support from the federal government.


Direct government payments (excluding crop insurance) to U.S. farmers are projected to hit $19.5 billion in 2019, the most since 2005.1 There are also significant regional differences in the economic picture for U.S. farms, in addition to a troubling rise in debt.2 According to Moody's Analytics, farm incomes in the Midwest have dropped by more than 30% between the first and second quarters of 2019, and many producers are going out of business entirely.

 

We’d Love To Hear From You

Previous
Previous

The Dramatic Rise and Fall of Cannabis Company Stocks

Next
Next

Market Week: December 9, 2019