Net farm income - which is a broad measure of profits in the agricultural economy, according to the agency - is forecast to increase to $160.5 billion in 2022 from $141.0 billion a year earlier, an increase of $19.5 billion.
In inflation-adjusted 2022 dollars, net farm income would be at its highest level since 1973 and net cash farm income at its highest level on record, the agency said. Net cash income is recorded in the year a commodity such as corn, soybeans or pork is sold. Net farm income is for the year it was produced, and factors in such things as depreciation of assets, including farm equipment.
Those sheep who support sending another $100 Billion to corrupt non-democratic rich boys club called Ukraine- must be Ok with soaring costs and higher taxes - stop funding this Russia - Ukraine civil war - I don’t give a crap about Zelensky/friends
You mean big industrial corporate farm profits are up. Way to go...
But Chuck Grassley said farmers are hard up because of Biden. Grassley setting the stage to get himself some more taxpayer $.
War in Europe really seems to suit the US. Massive energy revenues, huge military contracts and an windfall agri sales. Long live war in Europe.
New food demand? Pretty sure the same number of people starving hasn't changed much.
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