AEI on 2023 farm financial outlook

AEI on 2023 farm financial outlook

An ag economist says farm income is still relatively high even with USDA’s projected decline this year.

David Widmar with Ag Economic Insights tells Brownfield 2023 could be the sixth-highest farm income since the 1970s.

“It’s still going to be historically good, but it’s early,” he says.  “We have producers that are just getting ready to plant their crop, they’re just still starting their livestock production season so there still could be a shock.”

But, he tells Brownfield there are concerns.