KFMA data showed 9% net farm income increase from previous year
K-State Research & Extension
MANHATTAN – Kansas net farm income rose again in 2019, largely owing to government support payments meant to buffer the effect of trade disputes amid lackluster commodity prices, according to the annual summary by the Kansas Farm Management Association.
Net farm income among KFMA members averaged $110,380 in 2019, up from $101,274 a year earlier and well above the five-year average of $66,336. Net farm income has risen every year since 2015 when income plummeted to a historically low $6,744.
The data were compiled for the 2019 KFMA Executive Summary. Although not all farms are KFMA members, the numbers serve as a barometer of Kansas agriculture in any given year.
“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.
“It’s difficult to think back just a few months to before the changes brought into our lives by COVID-19,” Herbel said. “As 2019 ended, none of us had any thought of PPP or EIDL loans, or that additional unknowns and complications would impact trade agreements and…
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