2004 Net Farm Income Reaches Record High

Authors

Tina N. Barrett, University of Nebraska-LincolnFollow

Date of this Version

May 2005

Document Type

Newsletter Issue

Citation

Cornhusker Economics

Comments

Published in Cornhusker Economics, 05/04/2005. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html

Abstract

Farm incomes reached a new record high of $78,930 in 2004, as recorded by the Nebraska Farm Business, Inc. (NFBI). Since 1977, NFBI has been tracking accrual farm records of actual producers in Nebraska. In 2004, over 140 farms submitted their records to produce the record net income. The previous high income of $72,657 was in 1978.