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Downward Pressure Seen on Crop Prices Through 1986
Washington economists say large supplies and weak foreign demand will keep crop prices falling into 1986. Cash receipts from crops and livestock may drop as much as four percent from 1985, with livestock gains unlikely to offset crop losses. Livestock receipts could rise slightly from poultry and dairy, while hog prices rise but cattle receipts stay near 1985 levels. The 1986 outlook assumes continued farm program effects and uncertain Food Security Act provisions. Net farm income is forecast to fall again in 1986, with 1985 incomes ranging around 25 to 29 billion and a 22 to 26 billion projection for 1986.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Economic Research Service
Reagan