Post by Logan on Jun 22, 2016 1:14:24 GMT -6
Kansas net farm income plunged to a 30-year low in 2015, dropping 96% to $4,568 in 2015, according to the Kansas Farm Management Association of Kansas State University in Manhattan, Kansas.
The dramatic drop in net income was 5% of the $128,731 Kansas net farm income in 2014, a fraction of the last five-year annual average of $120,000, making it the lowest in 30 years, KMA reported.
Kansas farmers were hit by lower prices for crops and livestock productionand are now facing a tightening cash position, it said.
The value of farm production from livestock sources decreased by more than $94,000 (55%) for the average farm in 2015, according to report.
Read more: www.agweb.com/article/kansas-farm-income-plunges-to-30-year-low-naa-debra-beachy/
The dramatic drop in net income was 5% of the $128,731 Kansas net farm income in 2014, a fraction of the last five-year annual average of $120,000, making it the lowest in 30 years, KMA reported.
Kansas farmers were hit by lower prices for crops and livestock productionand are now facing a tightening cash position, it said.
The value of farm production from livestock sources decreased by more than $94,000 (55%) for the average farm in 2015, according to report.
Read more: www.agweb.com/article/kansas-farm-income-plunges-to-30-year-low-naa-debra-beachy/