Farm incomes will likely continue to slump next year with grain prices remaining at or near their lowest levels in about a decade, according to an analysis by agricultural economists at Purdue University. The Purdue Agricultural Economics Report 2017 outlook was published by the Purdue University Department of Agricultural Economics this month. It includes 12 sections by 11 different authors. U.S. agricultural exports are expected to recover slightly after two years of decline, but not nearly enough to offset increasing global grain stocks, says Chris Hurt, editor of the Purdue Agricultural Economics Report. “In the last three years, U.S. production has outpaced usage for corn, soybeans and wheat,” Hurt says. “Abundant inventories of grains and soybeans mean low prices.”