Agricultural Income and Finance. Situation and Outlook Report, December 1991

摘要

Nominal (current dollar) net cash and net farm incomes for 1991 and 1992, after rising each year from the mid-1980's through 1990, are forecast to return to 1988-89 levels. Lower livestock receipts, lower Government payments (in 1991), and continued higher expenses will leave net cash income at an estimated $58 billion in 1991 and $52-$57 billion in 1992. Net farm income is forecast at $44 billion in 1991 and $40-$46 billion in 1992. U.S. grain production is expected to increase in 1992 due to lower acreage reduction program (ARP) requirements for wheat and feed grains.