ERS/USDA Briefing Room - Farm Income and Costs: 2009 Farm Sector Income ForecastNet farm income is forecast to be $57 billion in 2009, down $30 billion (34.5 percent) from 2008. The 2009 forecast is $6.5 billion below the average of $63.6 billion in net farm income earned in the previous 10 years. Still, the $57 billion forecast for 2009 remains the eighth largest amount of income earned in U.S. farming. The top five earnings years have been tightly grouped between 2003 and 2008, attesting to the profitability of farming this decade.
Reported here, USDA Crop Production Forecast , a September 11 USDA report shows increases in production of most farm products in the U.S., much more meaningful than looking at the U.K. Of course, even more meaningful would be world production figures, but the fact that an organic farming news source is pointing to potential food difficulties in the British Isles is less than useful.