EDITOR’S NOTE: This press release has been updated from a version published on October 18, 2021 to include a recording of the webinar.
LINCOLN — The University of Nebraska-Lincoln’s Center for Agricultural Profitability offered an update on farm programs and farm income, along with an outlook for what is ahead, during a webinar at noon on Oct. 21.
Farm income supports have been an important part of farm income over the past few years, peaking with the massive COVID-19 relief payments made in 2020 in response to market disruptions and losses amid the pandemic. However, commodity increases since late summer 2020 have substantially improved the bottom line for producers, leading to potential record income levels in 2021 — even as government payments quickly decline. But questions remain as to the road ahead and whether higher prices will last and stay ahead of rising input costs.
The webinar is presented by Brad Lubben, extension policy specialist with the University of Nebraska-Lincoln, and Pat Westhoff, director of the Food and Agricultural Policy Research Institute at the University of Missouri.
— Nebraska Extension
For more news from Nebraska, click here.