Agriculture

Despite some improvement, Kansas farmers remain in financial slump

Despite record harvests in 2016, many Kansas farmers still face financial issues.
Despite record harvests in 2016, many Kansas farmers still face financial issues. File photo

Record harvests boosted Kansas average farm net income somewhat in 2016 to $43,161, following a near loss in 2015, according to the Kansas Farm Management Association.

The improvement in 2016 came from the higher yields and lower input and machinery costs.

However, there was a range of results across the state. Farms in the association in south-central Kansas averaged a loss of $5,352.

Current liabilities fell, while intermediate and long-term debts increased, likely reflecting debt restructuring, Kevin Herbel, executive director of the association, said in a statement.

While 2016 was better, the agricultural economy is still in a slump. Herbel said 35 percent of the KFMA 1,024 farms recorded a net loss for the year.

Dan Voorhis: 316-268-6577, @danvoorhis

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