State’s Net Farm Income Levels Tell Quite A Story

Authors

Bruce B. Johnson, University of Nebraska-LincolnFollow
Jared Burkholder, University of Nebraska-Lincoln

Date of this Version

8-23-2000

Citation

Cornhusker Economics, August 23, 2000, agecon.unl.edu/cornhuskereconomics

Comments

Copyright 2000 University of Nebraska.

Abstract

Nebraska’s 1999 net farm income levels document what people in the industry already knew – 1999 was not a good year for the agricultural economy. According to the recently released 1999 USDA net farm income statistics, Nebraska’s 1999 aggregate net farm income was estimated at $1.66 billion. This total falls 10 percent below the 1998 figure and nearly 18 percent below the annual average of the 1990’s (Table 1).