Farm sector profitability is projected to decline for the third straight year. Net cash farm income for 2016 is forecasted to be $94.1 billion, down 13.3% from the 2015 estimate. Net farm income is forecasted to be $71.5 billion in 2016, down 11.5%. If realized, 2016 net farm income would be the lowest since 2009.
Cash receipts are expected to fall $25.7 billion (6.8%) in 2016, led by an $18.7 billion (9.8%) drop in animal/animal product receipts and a $7.1 billion (3.7%) decline i
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