Farm income could decline in 2021, in spite of large increases in the value of crop and livestock sales, according to the latest analysis of national and global agricultural trends from the University of Missouri. Lower government payments and higher farm production costs could outweigh the increase in sales. Even with the decline projected by analysts at the Food and…
U.S. Agricultural Market Outlook ⋅ Page 1
Gathering Preliminary Data
FAPRI provides early analysis of the impact of the COVID-19 pandemic on agricultural markets in the U.S.
The U.S. Agricultural Market Outlook is prepared annually by economists with the Food and Agricultural Policy Research Institute (FAPRI) and MU Agricultural Markets and Policy (AMAP) and is updated each August. FAPRI Director Pat Westhoff said the report gives policymakers, farmers, agribusinesses and the public an overview of the state of the U.S. farm economy. The market projections it contains can…