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Policy Pennings: Over One-Third of 2020 Net Farm Income Is Expected to Be Government Payments

The United States Department of Agriculture’s (USDA) recently released “2020 Farm Sector Income Forecast” contains good news and bad news. The good news: 2020 net farm income is forecast to be $102.7 billion, the first time it has been above $100 billion since 2013. The increase from 2019 to fiscal year 2020 is $19.0 billion. […]