Kansas net farm income rose in 2019. This was largely due to government support payments intended to cushion the effect of trade negotiations and lower commodity prices, according to the annual summary by the Kansas Farm Management Association.
Net farm income among KFMA members averaged a little more than $110,000 in 2019, up from slightly more than $101,000 in 2018. This according to KFMA, is above the five-year average of approximately $66,000. Net farm income has risen every year since 2015.
The data was compiled for the 2019 KFMA Executive Summary.
“We are continuing in a period of tight margins and cash flow constraints as we move forward into 2020,” said Kevin Herbel, KFMA executive director, in a news release.
Even though moisture was heavy during planting season, some areas experienced good yields.
“Strong yields in many parts of the state were a significant factor in 2019,” Hervel said, citing good dryland fall crop yields in northwest and north central Kansas and impressive wheat yields in southwest areas.
Similar to a year earlier, the increase in 2019 net farm income was primarily due to crop insurance and government payments. The total of all…
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