# Statement from Agriculture Secretary Vilsack on Farm Income Forecast for 2016

> USDA Secretary Tom Vilsack issued a statement on the Economic Research Service's 2016 farm income forecast. Net farm income declined in 2015 and is forecast to fall again in 2016, while Farm Bill program payments are forecast to rise over 19 percent to $12.9 billion.

- Date: 2016-11-30 · published 2016-11-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/73844-statement-from-agriculture-secretary-vilsack-on-farm-income-forecast-for-2016
- 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

The forecast confirms weak farm incomes and rising ARC and PLC payments, which may support producer finances but does not directly move feed prices.

## 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 | 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 | 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 | 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 | 2018-02-08 | [2018 U.S. Farm Income Forecast Released - Farm Policy News](https://feedsoft.ai/events/66480-2018-u-s-farm-income-forecast-released-farm-policy-news.md) | +0.2% | +2.3% |
| SOY | 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) | +0.8% | -0.5% |
| 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% |
| 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% |

## Sources

- usda.gov: https://www.usda.gov/media/press-releases/2016/11/30/statement-agriculture-secretary-vilsack-farm-income-forecast-2016

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