Farm economic update
Farmers this year will take in 18 percent more in cash receipts than they did in 2020, at 421 and a half billion dollars, net cash income could grow by 21 and a half percent. That growth might have been even larger, but farmers have been seeing a substantial hike in production expenses. In fact… there are very few things where production expenses are actually lower in 2021. USDA’s chief economist Seth Meyer.