A report from the Iowa State University Extension shows a slight increase in net farm income but a decrease in total farm assets and net farm worth. I-S-U Extension economist Alejandro Plastina says the Iowa Farm Costs and Returns Analysis shows net farm income rose by six percent last year, while the average net farm worth fell by seven percent.

The report was limited to farms with sales of $100,000 or more. The analysis did not contain 2019 information. This year saw severe flooding and planting delays that could delay harvest and reduce yields.