All Posts Tagged: farm debt
The outlook for American agriculture has steadily deteriorated since 2013. While not a disaster, the economic and financial pain is beginning to show.
- 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.