Agricultural Economics Department


Date of this Version

October 2005


Published in Cornhusker Economics, 10/12/2005. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.


What is obvious to most observers of the state’s agricultural sector is that this year’s income levels will not match those of a year ago. And in some cases, they won’t even come close. However, we need to remember that 2004 represented a truly unique set of circumstances, where both the crop and the livestock sectors were enjoying phenomenal conditions. So, even though down from 2004, the 2005 net farm income forecast still looks relatively strong in the context of the past 10 years.