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Economic activity driving farm incomes

An ag economist says while net farm income this year appears similar to last, there are some radical differences.

David Widmar with Agricultural Economic Insights tells Brownfield 2021 and this year are the third and fourth strongest years on record for net farm income.

“The economic activity of the farm sector has picked up significantly from that revenue component and it’s offset the higher production costs and the big decline in government payments,” he says.

Economic activity driving farm incomes