Farm income to sink even more than expected, USDA says
USDA says that an already grim financial picture in the farm sector has actually gotten worse and will continue to do so. In its November update of its farm sector income forecast, USDA's Economic Research Service predicts a drop in farm income for the third consecutive year. Net cash farm income is forecast at $90.1 billion, down 14.6 percent from 2015, and down from $94.1 billion seen in August. Net farm income, meanwhile, is seen at $66.9 billion, a 17.2 percent drop from last year. [node:read-more:link]