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
Holton man killed in Jackson Co crash
Morrill pair arrested on drug, child endangerment charges
Falls City man sentenced to Federal Prison
Ground Broken for new Sac and Fox Trad'n Post
Jackson Co traffic stop leads to arrest
Local residents avoid injury in chain reaction crash
90 mph+ downburst winds blamed for Thursday damage
One held for past Atchison shooting
Inmate dies at Lansing Correctional Facility
Wamego man sentenced in second fentanyl-related death
Early Thursday storms leave damage, outages, locally
Stolen trailer, 4-wheeler, recovered in Atchison
Mayetta pair arrested on meth, child endangerment charges
Mound City Mayor Duane Nauman remembered
Horton City Clerk's resignation accepted Monday
Brown Co Planning Commission established
KS' LaTurner will not seek another term
LATEST STORIES
Horton City Clerk's resignation accepted Monday
Atchison Co's Oswald named honorary bailiff for KS Court
Juveniles face charges following Atchison break-in
Richardson County accepted into managed call handling program
No injuries in early Sunday morning house fire in Falls City
Sabetha annual citywide cleanup Wednesday
Mayetta pair arrested on meth, child endangerment charges
Local residents avoid injury in chain reaction crash
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