After hitting a pothole in 2018, U.S. net farm income will recover this year under the combined effects of financial belt-tightening and rising crop prices.
In 2018, U.S. beef and poultry exporters accessed Morocco’s market under the U.S.-Morocco Free Trade Agreement. Morocco opened its market to U.S. poultry in August.
Due to higher production expenses, the inflation-adjusted U.S. net farm income and net cash farm income has been forecast to decline 14% from 2017 to 2018.