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.

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