USDA’s Economic Research Service updated its farm profitability projections for 2019 on March 6. It reported net farm income, a broad measure of profits, is forecast to increase $6.3 billion (10%) from 2018 to $69.4 billion in 2019, after decreasing $12.billion (16%) in 2018. Net cash farm income is forecast to increase $4.3 billion (4.7%) to $95.7 billion.
In inflation-adjusted 2019 dollars, net farm income is forecast to increase $5.2 billion (8.1%) and net cash…
This is content of added analysis for Registered users and VIP Members. Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
