The Bid Thud You Hear is Farm Income Dropping 36%:For producers with strong balance sheets, the downturn means plenty of opportunities

摘要

Fifth-generation Indiana crop farmer Chris Hudson wasn't surprised when he heard the recent news from USDA: This year's farm income is expected to drop by 36% from 2014's level. That's the lowest in nine years and the biggest annual drop since 1983. The projected $58.3 billion is significantly lower than USDA experts projected just in February and a whopping 53% beneath where net farm income stood when it hit a record high just two years ago.