U.S. Outlook: The agricultural outlook remains challenging

Scott Anderson
Posted by Scott Anderson
Chief Economist

The outlook for American agriculture has steadily deteriorated since 2013. While not a disaster, the economic and financial pain is beginning to show.

Graph showing recent rise in farm debt over annual decrease in farm income.For more details, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on March 11.

Key observations:
  • Net farm income is estimated to have been cut in half in 2015, according to the U.S. Department of Agriculture.
  • Behind the drop in farm incomes are the steep declines in nearly all agricultural prices over the last two years.
  • U.S. agricultural exports are expected to drop another 10.5% in 2016.
  • On a somewhat better path, exports of fruits and vegetables, tree nuts, and sugar are expected to be near 2015 levels.
Click here to read my full report.

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