Report: Nebraska farm income expected to bottom out in 2017
June 9, 2017
LINCOLN, Neb. (AP) — An economic forecast report says weak farm income will continue to hamper Nebraska's economic growth in the coming years.
The forecast report released Friday by the University of Nebraska-Lincoln's Bureau of Business Research says Nebraska's net farm income is projected to decline by nearly 16 percent for 2017, to $3.7 billion. That will come as federal support for agriculture declines and as yields normalize following a strong 2016 harvest.
Bureau director Eric Thompson says farm income is expected to bottom out in 2017, but rebound in 2018 and 2019.
The forecast is...