Report: Nebraska farm income expected to bottom out in 2017
Share
Tweet
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 updat...
For access to this article please
sign in or
subscribe.
Reader Comments(0)