Agricultural Economics Department


Date of this Version

June 2007

Document Type



Published in Cornhusker Economics, 06/13/2007. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.


Historical Perspective: The past decade of net farm income is one of considerable year-to-year volatility. According to recently revised United States Department of Agriculture (USDA) estimates, Nebraska’s aggregate income levels have ranged from $814 million in 2002, to a historical record high of over $3.5 billion in 2004 (Table 1 on next page). However, for the past four years, the annual totals have been considerably above the decade average, largely the result of a considerable surge in the dollar value of crop and livestock output.