Russian invasion of Ukraine could boost U.S. farm incomes

A leading ag economist says U.S. farm incomes could receive a boost if the Russian – Ukrainian war isn’t resolved quickly.

Head of the University of Missouri’s Food and Agricultural Policy Research Institute, Pat Westhoff, says the group’s January projections showed a likely decline for farm income this year… But he tells Brownfield Russia’s invasion of Ukraine and sharply lowered South American crop production estimates might change that.

“The increase in commodity prices will tend to push receipts up,” he said.

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