Farmers’ 2020 Bottom Line Padded by Highest Federal Aid Ever

Overall, U.S. farmers are expected to end up in the black for 2020, largely due to government payments aimed at lessening the impact of the COVID-19 pandemic. 

According to USDA economists, net farm income (NFI) is forecast to increase $18.3 billion (up 21.7%) from 2019 to nearly $103 billion in the current cropping year. This, along with a 2.1% decrease in total production expenses, will help ease the pain of a projected 4.1% drop off…

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