Grain-farm income to be lowest in at least a decade
Average net income on Illinois grain farms is projected at $20,000, dramatically lower than the $104,000 average last year. “At current projections of commodity prices, net incomes in 2016 likely will be low as well,” writes U-Illinois economist Gary Schnitkey at farmdoc daily. The outlook for income this year and next is similar to 1998-2002,… » Read More
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