With: Scott Brown, Director of the Rural and Farm Finance Center (RaFF), University of Missouri; and Brad Lubben, Ag Policy Specialist, University of Nebraska-Lincoln.
Dr. Scott Brown, Director of the Rural and Farm Finance (RaFF) Center at the University of Missouri and Dr. Brad Lubben, Policy Specialist at the University of Nebraska-Lincoln and the Center for Agricultural Profitability, will discuss the current farm income situation and outlook at the national and state level. Recent farm income projections from USDA’s Economic Research Service and the University of Missouri’s Food and Agricultural Policy Research Institute show the prospects of increased crop and livestock receipts in 2022 to propel farm income higher, but higher input costs have already tempered some of the gains and could be more significant in 2023 if commodity prices begin to fall back. Work at RaFF and collaboration with Nebraska helps to extend the analysis and outlook to the state level, providing a look at the current situation and outlook ahead for agriculture in the state.
Read the report on 2022 Nebraska Net Farm Income here.