Farmers and ranchers are once again preparing for less income this year.
It would mark the third straight season of declining profits.
A think tank at the University of Missouri has net farm income falling 6% next season. That puts total income just shy of $130 billion.
Lower prices for crops and poultry are expected to be the main drivers.
The group says that farm income later this decade is expected to be back up, averaging around $140 billion.
Related Stories
“For producers, the retaliation is the big threat...
Public support for producer payments is strongest for natural disasters, according to a recent study
“We find lots of public support when there is a natural disaster, but maybe a little bit less when people think prices are too low.”
