Kansas net farm incomes dropped to $4,568 in 2015, a 96 percent plunge from the year before, according to K-State’s Kansas Farm Management Association.
Both crop and livestock farmers were hit by falling prices for their production over the past 12 to 18 months.
Net farm income – similar to profit for a conventional business – reflects the amount of money left over after all cash expenses for the year are paid and depreciation is accounted for.
See this ...
– in Financial on 6/19/2016