Includes “Federal aid and direct farm payments this year will total $22.4bn, the highest in 14 years, accounting for nearly one-quarter of total farmer income, according to the US Department of Agriculture (USDA). The burgeoning share of federal assistance will help drive US farmer income to an estimated six-year high of $92.5bn in 2019, even as gross income declines because of the US trade dispute with China and spring floods that reduced corn and soybean production.”
Read the full article on: Argus