Agricultural exports have not yet provided the boost to farm income that U.S. farmers have been hoping for. Instead, they are now harvesting large crops this fall without knowing if their corn and soybeans will find buyers in overseas markets. USDA is already sending out checks under the Trade Mitigation Program to offset some of these losses.
As U.S. farmers face their fourth consecutive year of below-average net farm income, they are not yet receiving the boost from agricultural exports they had been hoping for. The latest (August 30) USDA projection for 2018 net farm income is $65.7 billion, only 53 percent of the figure recorded in 2013.