The USDA is predicting American net farm income this year will the the lowest it's been since 2006.
The department puts it at 58 point 3 billion dollars - a 36 per cent drop from 2014.
That would be an almost 53 per cent drop from the record U-S net farm income of 123 point 7 billion dollars set in 2013.
The USDA expects 2015 crop receipts to be 6 point 2 per cent lower, livestock receipts 9 point 1 per cent lower.
The crop receipts are based on lower income from corn, soybeans and wheat this year.
The lower U-S livestock receipts are based largely on lower milk and hog prices.
American farm asset values are also forecast to drop this year.
The USDA figures a 2 point 1 per cent drop in farm real estate values will contribute to a 3 point 5 per cent decline there.
