Transcription of U.S. Farm Income Outlook for 2017
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farm Income Outlook for 2017. Randy Schnepf Specialist in Agricultural Policy October 4, 2017. Congressional Research Service 7-5700. R40152. farm Income Outlook for 2017. Summary According to USDA's Economic Research Service (ERS), national net farm Income a key indicator of farm well-being is forecast at $ billion in 2017, up 3% from last year. The forecast rise in 2017 net farm Income comes after three consecutive years of decline from 2013's record high of $ billion. Net farm Income is calculated on an accrual basis.
U.S. Farm Income Outlook for 2017 Congressional Research Service 1 Introduction The U.S. farm sector is vast and varied. It encompasses production activities related to traditional
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