Net farm income in Nebraska for 2022 is projected to have fallen to $7.2 billion before rising modestly to $7.3 billion in 2023 according to a report produced in collaboration between the University of Nebraska-Lincoln’s Center for Agricultural Profitability and the University of Missouri’s Rural and Farm Finance Policy Analysis Center.
Drought impacts across the state contributed to a reduction in projected net farm income in Nebraska compared to a forecast produced last fall before the full extent of drought losses had been realized.
According to Brad Lubben, extension policy specialist with the Center for Agricultural Profitability and a co-author of the report, Nebraska’s ag sector has taken a different path than U.S. agriculture since 2021.
Source: unl.edu
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Categories: Nebraska, Business