Net farm income up in Nebraska in 2020
As expected, part of that recovery in net farm income was tied to ad hoc assistance, which accounted for $24 billion nationally. This included the Coronavirus Food Assistance Program, or CFAP. Written By: Michelle Rook | 5:30 am, Dec. 24, 2020
The U.S. Department of Agriculture is projecting a 43% increase in net farm income for United States farmers in 2020 to just under $120 billion. That may come as somewhat of a surprise after a year that featured the coronavirus pandemic one of the biggest black swan events to ever hit the ag industry.
The agricultural lending community in Nebraska says there was nervousness about farmers balance sheets to start 2020, which was amplified by the pandemic. However, the farm economy has turned around quickly.
AgweekTV Full Show: Ad-hoc assistance, Nebraska net farm income, soil health minute and the COVID-19 vaccine
This week AgweekTV takes a look at the importance of ad-hoc assistance. Next we will find out why net farm income will be higher in Nebraska this year than in 2019. During Soil Health Minute, we find out how to assess soil health in your field. Finally, we will discuss how the COVID-19 vaccine is providing hope for rural America.
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AgweekTV | 5:30 am, Dec. 19, 2020
This week AgweekTV takes a look at the importance of ad-hoc assistance. Next we will find out why net farm income will be higher in Nebraska this year than in 2019. During Soil Health Minute, we find out how to assess soil health in your field. Finally, we will discuss how the COVID-19 vaccine is providing hope for rural America.