At House Ag Committee, Secretary Perdue Addresses the State of the Rural Economy

During his opening statement Wednesday, Sec. Perdue pointed out that, “Net farm income has fallen nearly 50 percent from its peak in 2013, as most commodity prices have fallen over the past 5 years while global stock levels have rebounded with several years of record production. “We saw the largest U.S. soybean crop ever in 2017 and again in 2018, U.S. corn production was the second highest ever in 2017 and third highest ever in 2018. However, other countries have also seen high production numbers.