# U.S. Farm Income Outlook: December 2020 Forecast - EveryCRSReport.com

> USDA projects 2020 US net farm income rose 43.1% to $119.6 billion, with net cash income at $134.1 billion, both the highest since 2013. The increase is driven mainly by record direct government payments of $46.5 billion.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/48603-u-s-farm-income-outlook-december-2020-forecast-everycrsreport-com
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Heavy government support supports farm liquidity and feed demand from producers, but it does not directly change supply or prices for feed commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-03-14 | [U.S. Farm Income Outlook: 2021 Forecast - EveryCRSReport.com](https://feedsoft.ai/events/42252-u-s-farm-income-outlook-2021-forecast-everycrsreport-com.md) | +1.1% | +10.2% |
| CORN | 2021-09-29 | [U.S. Farm Income Outlook: September 2021 Forecast - EveryCRSReport.com](https://feedsoft.ai/events/45078-u-s-farm-income-outlook-september-2021-forecast-everycrsreport-com.md) | +1.6% | +2.0% |
| CORN | 2019-09-19 | [U.S. Farm Income Outlook: August 2019 Forecast - EveryCRSReport.com](https://feedsoft.ai/events/57081-u-s-farm-income-outlook-august-2019-forecast-everycrsreport-com.md) | +2.3% | +4.2% |
| CORN | 2019-04-16 | [U.S. Farm Income Outlook for 2019 - EveryCRSReport.com](https://feedsoft.ai/events/59572-u-s-farm-income-outlook-for-2019-everycrsreport-com.md) | -1.8% | -1.9% |
| CORN | 2019-12-18 | [U.S. Farm Income Outlook: November 2019 Forecast](https://feedsoft.ai/events/55428-u-s-farm-income-outlook-november-2019-forecast.md) | -0.1% | -1.9% |
| SOY | 2022-03-14 | [U.S. Farm Income Outlook: 2021 Forecast - EveryCRSReport.com](https://feedsoft.ai/events/42252-u-s-farm-income-outlook-2021-forecast-everycrsreport-com.md) | -1.3% | -0.1% |
| SOY | 2021-09-29 | [U.S. Farm Income Outlook: September 2021 Forecast - EveryCRSReport.com](https://feedsoft.ai/events/45078-u-s-farm-income-outlook-september-2021-forecast-everycrsreport-com.md) | -2.1% | -3.1% |
| SOY | 2019-09-19 | [U.S. Farm Income Outlook: August 2019 Forecast - EveryCRSReport.com](https://feedsoft.ai/events/57081-u-s-farm-income-outlook-august-2019-forecast-everycrsreport-com.md) | +0.1% | +4.4% |

## Sources

- everycrsreport.com: https://www.everycrsreport.com/reports/R46676.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.