1. Net farm income
University of Illinois
Forecast 2017 net incomes are down from 2016 levels primarily due to lower yields. Decreases in non-land costs should partially offset revenue declines from lower yields. USDA yield estimates for Illinois are above trend levels and could decline due to dry August weather. Reductions in yields will result in lower incomes if no positive price response occurs. As always, net incomes will vary across Illinois, with areas of lower yields facing lower incomes.
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