Farm Income, stressed this year, may drop sharply in 2021 (Successful Farming)    

Successful Farming (Agriculture.com) published an article stating U.S. farm income, under pressure this year from the trade war and coronavirus pandemic, could fall off a cliff next year when record-setting federal payments are due to end. Senior Research Fellow Joseph Glauber said, Farm income has been pretty flat for a long time now influenced by large global crops that have kept prices in check. With an agricultural recovery that included more exports to China, strong demand for corn ethanol, and full-volume production at meatpacking plants, farm income in 2021 could run at its long-term levels, “although that very well could be down significantly from 2020 if record payments are made this year.”