According to a report released Feb. 7 by the USDA Economic Research Service, U.S. net farm income is forecast to decline $5.4 billion (8.3 percent) to $59.5 billion in 2018, while U.S. net cash farm income is forecast to decline $6.7 billion (6.8 percent) to $91.9 billion, adjusted for inflation. The forecast declines are the result of changes in cash receipts and production expenses. If realized, 2018 net farm income would be the lowest since 2002 and net cash farm income would be at its lowest level since 2009. A forecast decrease in the value of animal/animal product production from $177.4 billion in 2017 to $176.1 billion in 2018 reflects an expected $0.5-billion decrease in cash receipts and a $0.9-billion decrease in the value of inventory adjustment. Read more…
Recent Posts
TSCRA commends USDA’s continued border closure to combat spread of New World screwworm
FORT WORTH, Texas (July 9, 2025)— Texas & Southwestern Cattle Raisers Association President Carl …
Crime watch: Black Angus bull missing in Coleman County
Texas & Southwestern Cattle Raisers Association Special Ranger HD Brittain, District 19 in West …
Continue Reading about Crime watch: Black Angus bull missing in Coleman County
Texas Ranch Receives Regional Environmental Stewardship Award
SAN DIEGO (July 8, 2025) – McFaddin Ranch in Victoria, Texas, was recognized today by the National …
Continue Reading about Texas Ranch Receives Regional Environmental Stewardship Award