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CCFB News» Daniel Grant, FarmWeekNow

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Feeling the Squeeze

Input Costs, Farm Debt Continues to Climb
10/06/2018 @ 7:00 am | By Daniel Grant, FarmWeekNow

USDA projects net farm income will decline by $9.8 billion (13 percent) this year, compared to 2017, to the lowest level since 2009.And, while lower commodity prices are a key factor in the projections (receipts are projected to drop by $2.5 billion for milk and $1.9 billion for cash corn), another driver of the sobering economic outlook involves rising input costs and debt levels.

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