# 2018 U.S. Farm Income Forecast Released - Farm Policy News

> USDA's Economic Research Service forecasts 2018 net farm income falling $4.3 billion to $59.5 billion, the lowest in nominal terms since 2006. Crop cash receipts are forecast down slightly, with corn receipts falling 4.0% and soybean receipts rising 4.5%.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/66480-2018-u-s-farm-income-forecast-released-farm-policy-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower corn receipts signal weaker producer income and possibly reduced input purchasing, while higher expected soybean receipts point to larger quantities sold. The forecast supports a bearish corn outlook relative to soybeans.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| CORN | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -6.1% | -11.6% |
| CORN | 2022-11-30 | [USDA Lowers FY 2023 Forecast for U.S. Agricultural Exports - Farm Policy News](https://feedsoft.ai/events/38741-usda-lowers-fy-2023-forecast-for-u-s-agricultural-exports-farm-policy-news.md) | -3.9% | +1.9% |
| 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 | 2024-08-13 | [USDA Projects Record Soybean, Corn Yields - Farm Policy News](https://feedsoft.ai/events/10469-usda-projects-record-soybean-corn-yields-farm-policy-news.md) | -1.2% | +0.1% |
| SOY | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -5.6% | -5.3% |
| SOY | 2021-05-27 | [U.S. Farm Exports Forecast at 8% Above 2014's Record](https://feedsoft.ai/events/46958-u-s-farm-exports-forecast-at-8-above-2014-s-record.md) | +3.0% | -8.8% |
| SOY | 2023-08-13 | [FAS: “2022/23 China Soybean Imports Raised to Record High” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14820-fas-2022-23-china-soybean-imports-raised-to-record-high-farm-policy-news.md) | -2.7% | -3.5% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2018/02/2018-u-s-farm-income-forecast-released/

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