Agribusiness

The U.S. Department of Agriculture is projecting farm income will increase significantly this year, but that’s only because of unprecedented government payments that could top $40 billion.

The latest Farm Income Report from the USDA shows net income will total $102 billion, a 23% increase over last year. But 36% of that money is coming from federal subsidies intended to make up for coronavirus losses.

Without that aid, net farm income would be down more than $10 billion this year.

Thirty high school sophomores were recently selected to participate in the Missouri Department of Agriculture’s Missouri Agribusiness Academy. The students will spend time throughout the year exploring various segments of Missouri agriculture.  The Department is exploring virtual avenues for professional and leadership development.