Tuesday, April 14, 2020

Farm Income for 2020

From Illinois extension:
DTN Ag Policy Editor Chris Clayton reported this week that, “An updated economic analysis looking at the impact of COVID-19 projects crop farmers to see $11.85 billion in lower revenue in 2020 and all livestock sectors combined to see a $20.24 billion drop in receipts for the year.
And here, a report of "nearly $25 billion" in federal aid to farmers.

So farmers overall will make out okay this year?  

(Actually, because the aid can't exactly match the losses, some farmers will make out well, others will lose bigly.)

[Updated: see this report on where the aid might go.]

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