Low Commodity Prices & High Costs Affect Lindsay (LNN)

Shares of this Zacks Rank #4 (Sell) company have lost 6.9% in the past year compared with the industry's decline of 10.3%. Image Source: Zacks Investment Research Low Commodity Prices to Weigh on Farm Income: The USDA (U.S. Department of Agriculture) projects net farm income at $116.1 billion for 2024, indicating a decline of 27.1% from that reported in 2023. Moreover, the estimated net farm income for 2024 is 1.7% below its 20-year average (2003-2022) of$ 118.2 billion. The decline has mainly been resultin ...