Experts discuss how various agricultural economic conditions, such as high commodity prices, record-setting farmland values and farm financial conditions will affect the ag industry throughout the remainder of 2022.
The Department of Agricultural Economics’ Farm and Ranch Management team is presenting two free webinars focusing on tax law changes for 2020 and an update on farm program and ag policy in light of a new administration in Washington.
The first session is Thursday, April 16, 3 p.m. (central), and features Nathan Kauffman, with the Federal Reserve Bank of Kansas City, presenting on COVID-19 Economic Developments and U.S. Agriculture.
After several years of agricultural prosperity and US net farm income that peaked at almost $124 billion in 2013, the most recent forecast from the UDSA Economic Research Service projects net farm income at less than $70 billion for 2019. The Extension Risk Management Education program helps farmers learn how to navigate the many risks they face.