Net Farm Income at 1990 Levels
The USA Farm economy in 2018 was challenging. Net farm income fell 12% from 2017 to 2018 despite the market facilitation program (MFP) – 4.6 billion. Main cause is price drop in commodities – crop producers first, livestock thereafter - even with strong production numbers. It does not do much to produce more if prices drop as it becomes harder to generate profitability.