2021 Farm Income Outlook
Net farm income increased an estimated 43 percent from 2019 to the end of 2020.
The U.S. Department of Agriculture (USDA) releases farm income data three times a year. In 2020, these statistical forecasts fluctuated dramatically. The first report, published in February of 2020, predicted a mild increase in net farm income from 2019 to $96.7 billion.