Failing Farms

Non-inflation-adjusted farm income is projected to hit just $59.50 billion in 2018 due to lower crop and livestock prices. This will be its lowest level since 2006, when farm income was $57.44 billion, and is 7% lower than it was last year as the farm crisis enters year five. Farm income steadily rose from $50.68 billion in 2000 to a peak of $123.75 billion in 2013 and has plummeted since.