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Dynamics of Farm Profitability
Factors Influencing the Decline in Farm Income

February 11, 2016 at 1:30 PM ET 
in the
328A Russell Senate Office Building
Washington, DC, 20510

 
Farm sector profitability was impacted by lower crop and livestock prices in 2015. Net cash farm income for 2015 was forecast to be $93 billion, down 28% from 2014 levels. Thin margins are putting increased pressure on the nation's farmers, impacting the choices that farmers take to manage risks. This event will discuss the 2016 forecast and updates to the 2015 results for net farm income, which are expected to be the lowest since 2002. Experts will discuss the strategies that farmers are using to mitigate lending/repayment risks and the impact of farm-level federal and state policies on farm profitability. National experts will discuss the macroeconomic factors that are impacting the financial situation of the agricultural sector and the impacts of farm policy on farm sector assets, debt, and wealth.

Speakers:

Jeffrey Hopkins, Farm Economy Branch Chief in the Resource and Rural Economics Division (RRED) at the USDA Economic Research Service
 
Allen Featherstone , Professor and Head of the Department of Agricultural Economics at Kansas State University and Director of Master in Agribusiness Program
 
Ani Katchova, Associate Professor in the Department of Agricultural, Environmental, and Development Economics and Farm Income Enhancement Chair in the The Ohio State University 
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