Economist sees reason for concern in ag economy, but he’s not prepared to hit the panic button

Friday, November 13, 2015

U.S. farmers, beset mostly by forces beyond their control, have taken hard hits to their finances over the past three years. From 2013 to 2015, net farm income dropped by 53 percent, down from $123.7 billion to an estimated $58.3 billion. A one-year drop of 36 percent occurred from 2013 to 2014, when net farm income dipped to $91 billion.

“These are concerning indicators,” says Rodney Jones, Oklahoma State University Farm Credit Chair, Department of Agricultural Economics. He told participants at the recent Rural Economic Outlook Conference in Stillwater that other indicators also are of concern for the agriculture sector.U.S

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