December 2020: USDA Farm Income Forecast Update

In this episode, Purdue agricultural economists James Mintert and Brady Brewer discuss the latest December release of the USDA Farm Income Forecast report. Each year, United States Department of Agriculture (USDA) forecasts farm income in February and then releases additional updates throughout the year as more data becomes available. This Purdue Commercial AgCast episode discusses the latest updates to the 2020 forecast released by USDA on December 2nd. In an earlier episode, we share more about how to interpret the adjustments - find that episode at 'Understanding USDA Farm Income Forecasts'.