Farm Bankruptcies Rise Again
USDA currently projects farm income in 2019 to reach $88 billion — the highest net farm income since 2014’s $92 billion, but still 29 percent below 2013’s record high. In addition, nearly 40 percent of that income — some $33 billion in total — is related to trade assistance, disaster assistance, the farm bill and insurance indemnities and has yet to be fully received by farmers and ranchers.
