1. 2014 Indiana Farm Incomes to Moderate!
Chris Hurt
August 2013

3. Average 2004 to 2010
$2.2 Billion

5. Difference Makers: Lower Incomes
Lower Crop Prices for 2013 and 2014
Costs don’t go down enough to offset
3. Crop Insurance payments small vs crops ($1.5 Billion for 2012 crops)
4. Animal producers income up sharply, BUT
5. Indiana farm revenue is now dominated by crops

6. 40%

7. Sum of Income Above $1.7 billion/year since 2005 =

8. Indiana Farm Family
Wealth Effects

9. Indiana Farm Faces in 2014
Crops
Sector
Animal
Sector