![USDA Graph of farm income.](https://will.illinois.edu/images/uploads/47968/340c399d-aac5-46dc-be5a-9d1e9386fe21__medium.png)
2018 Forecast: US Farm Income To Sink To 12-Year Low
Farm income will likely drop nearly 7 percent from last year to $59.5 billion, according to a U.S. Department of Agriculture report released Wednesday. The drop is due to continued low prices for crops like corn and soybeans, as well as higher fuel and labor costs.