Producers are preparing for their third straight season of declining profits

Farmers and ranchers are once again preparing for less income this year.

It would mark the third straight season of declining profits.

A think tank at the University of Missouri has net farm income falling 6% next season. That puts total income just shy of $130 billion.
Lower prices for crops and poultry are expected to be the main drivers.

The group says that farm income later this decade is expected to be back up, averaging around $140 billion.

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