Salina, KS

Now: 28 °

Currently: Fair

Hi: 28 ° | Lo: 23 °

Farm Economy Takes Hit in State

KSAL StaffDecember 8, 2015

TOPEKA, Kan. (AP) – A farm economist with the Kansas Farm Management Association says gross income for farms is down by at least 20 percent in the state.

The Hutchinson News reports that last year southwest Kansas farmers averaged about $56,000 in accrual net farm income, a $50,000 drop from 2013.

Doug Stucky is currently visiting farms across the region working on year-end planning.

The U.S. Department of Agriculture predicted in November that net farm income in the country will drop about 40 percent to $55.9 billion this year, reflecting depressed crop prices and a softening livestock market.

The decrease in income has affected companies that manufacture equipment as well. Randy Veatch, vice president of sales for Straub International, says agricultural manufacturers are reporting a nearly 30 percent decline in sales since about 2013.

Copyright © Rocking M Media, 2018. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

CATEGORIES :

COMMENTS

RELATED POSTS

Fort Hays State University could be generating electricity from wind turbines in the next few weeks

Fort Hays State Gets $1.2 Million Gift

December 13, 2017 4:25 am

Child Hit by Car

November 17, 2017 7:20 pm

STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Popular Poultry Movie to...
February 23, 2018Comments
Mustang Revved and Stolen
February 23, 2018Comments
Meth Arrest
February 23, 2018Comments
Suspect Sought in Salina ...
February 23, 2018Comments

LATEST TWEETS

Read all tweets
© 2007 - 2018 - EEO