National Hog Farmer is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Net farm income forecast down 36%

Article-Net farm income forecast down 36%

The USDA is forecasting net farm income for 2015 will be the lowest since 2006 at $58.3 billion which is 36% lower than 2014’s estimate of $91.1 billion. This latest forecast is down nearly 53% from the record high of $123.7 billion in 2013.

Lower crop and livestock receipts are the main reason. According to the USDA’s “2015 Farm Income Forecast” crop receipts for 2015 are forecast to drop by $12.9 billion in 2015 with a projected decline of $7.1 billion in corn receipts, $3.4 billion for soybeans and $1.6 billion for wheat compared to 2014.

Livestock receipts are estimated to decrease by $19.4 billion due to lower hog and milk prices. Government payments are estimated to increase by 16% to $11.4 billion in 2015. Total production expenses are estimated to decrease by less than 0.5% or $1.5 billion. 

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.