Report: Kansas farm income up amid government payments
May 22, 2020
BELLE PLAINE, Kan. (AP) — Propped up by government payments, net farm income in Kansas last year rose to an average of $110,380 per farm, a new report shows.
The Kansas Farm Management Association released this week its annual economic data based on the 970 agricultural operations that their economists advised on financial decisions.
Farm balance sheets were heavily subsidized by government payments with more than 72% of the income Kansas farmers received last year coming from the government, their figures show.
On average, each Kansas farm received more than $80,000 from the government...