Farm Income Down, Expenses Up

By Brent Gloy

The U.S. farm sector is in the midst of a major downturn.  As we discussed a couple of weeks ago, 2016 looks to be the third straight year of declining farm income.  Much of this has been driven by falling commodity prices, but the story is a bit more complicated than just falling commodity prices.  This week we look at how expenses and net income have evolved in the sector. (more…)