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ERS: Farm income down but assets retain value

Net farm income is forecast to fall by more than 22 percent this year compared to 2013, but will still be about $16 billion above the previous 10-year average, the Agriculture Department’s Economic Research Service said in a report issued today.

As previously reported, livestock income is up, crop receipts are down. Government payments are projected to be down 4 percent.

Farm equity is projected to reach another record and farm financial risk indicators such as the debt-to-asset ratio are expected to continue at historically low levels, the report said.

USDA Economic Research Service — Farm Financial Forecasts for 2014: November Update
— Highlights from the 2014 Farm Income Forecast