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Missouri Farm Income Rising

(Columbia) Missouri’s farm income appears on pace for another record year.

University of Missouri Ag professor John Kruse says the data suggests 2021 set a record for Missouri farm income at four-point-27 billion dollars — and this year’s estimate appears to be close, at four-point-19 billion dollars.

Kruse says commodity prices, which have gradually increased as global supplies have gotten tighter, are driving the income growth.

He points to drought-reducing crop production in other parts of the country and world.

Sanctions on Russia are expected to affect fertilizer supplies and energy prices.

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