Outlook for U.S. farm income: Stable but ‘at much lower levels’

After a three-year plunge, U.S. farm income is stabilizing “at much lower levels than in previous years,” said the Kansas City Federal Reserve Bank, warning that “growing inventories and trade uncertainty remain the key risks to the outlook.” In its periodic Ag Outlook report, the regional Fed said 2017 income was 18 percent below the… » Read More