Source: AgriLife Today
A majority of representative farms in major U.S. production regions used to project future farm financial conditions would face serious cash flow shortfalls based on 2016 crop prices, a Texas A&M AgriLife Extension Service economist told members of the U.S. House Committee on Agriculture.
Dr. Joe Outlaw, co-director of the Agricultural and Food Policy Center at Texas A&M University in College Station, provided a statement Feb. 15 on economic conditions for crop agriculture.
Outlaw said projections indicate 17 of the 23 feed grain and oilseed farms are projected to be in moderate or poor financial condition; nine of the 11 wheat farms are projected to be in moderate or poor financial condition; 11 of the 15 cotton farms are projected to be in moderate or poor financial condition; and 12 of the 15 rice farms are expected to end the period in moderate or poor financial condition.
Learn more about the Agricultural & Food Policy Center at Texas A&M University
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