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Surge in Net Farm Income

Summary by morningagclips.com
LINCOLN, Neb. — The USDA Economic Research Service (ERS) reports net farm income in Nebraska for 2023 surged to a record-setting $9.27 billion, $2.67 billion or 40 percent more than 2022 (Figure 1). Income last year exceeded the previous top of $8.044 billion in 2021 by more than $1 billion. The ERS estimate came as a surprise. Agricultural economists at the University of Nebraska and the University of Missouri pegged last year’s income at aroun…
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