Record Farm Income Expected
(KTNC) - Net farm income this year will set a record high. Back in January USDA projected the income at 92-billion dollars. The new projection is 122-billion, a seven-percent increase.
USDA Chief Economist Joe Glauber says one reason for the increase is big crop insurance indemnity payments due to disaster and drought losses. He says another reason is higher commodity prices. (play audio :22)
While there will be a big increase in crop receipts this year, Glauber says conditions are much worse for livestock producers. (play audio :20)
The early projected feed increase was 13-percent but then came the drought which drove prices more than 30-percent higher.
© Nebraska Radio Network
MOST VIEWED STORIES
Cold case investigation leads to Holton warrant
Horton City Clerk's resignation accepted Monday
Effingham owner regains truck following theft, arrest
Former Kickapoo Tribal chairman arrested
Local residents avoid injury in chain reaction crash
Winchester native named as Amberwell CEO
Holton property search concludes with arrest
Mayetta pair arrested on meth, child endangerment charges
Stolen trailer, 4-wheeler, recovered in Atchison
Juveniles face charges following Atchison break-in
Atchison Co's Oswald named honorary bailiff for KS Court
Rural Horton man charged in alleged beating
Two arrested following Friday Jackson Co traffic stop
McLouth man injured in Monday wreck
No injuries in early Sunday morning house fire in Falls City
KS prepares for severe weekend weather
Senator Slama on tax relief efforts
Commission approves agreement for budget help
LATEST STORIES
KS prepares for severe weekend weather
Richardson County Board approves pay raise for dispatchers
NPPD urges farmers to be safe around power lines
Arbor Day proclaimed in Atchison
Former AG Schmidt running for KS' 2nd Congressional District
Doniphan Co Commission approves overlay projects
Rural Horton man charged in alleged beating
Holton property search concludes with arrest
RELATED STORIES
University of Nebraska Receives Grant for Drought Risk Research Center
USDA Boss Blasts Railroads for Rail Car Shortage
More Storms Possible this Weekend
Red Cross says Learn to Swim Before Heading to Pool or Lake
Rain Lessens Drought Concerns in Parts of Nebraska, Iowa
Morel Mushroom Season Underway in Nebraska
Nebraska Among States Considering Legalizing Industrial Hemp
Fewer Cancer Specialists Practicing in Rural Areas