For many producers, net farm income for 1998 is expected to be higher than 1999. Despite low prices for most commodities in 1998, forward sales of commodities at higher prices and deferral of income into 1998 have combined to produce a higher level of net farm income than will likely be the case in 1999 unless commodity prices recover substantially. Therefore, many producers are expected to want to defer income from crop and livestock sales into 1999.
"Installment and Deferred Payment Sales of Grain and Livestock,"
Agricultural Law Digest: Vol. 10
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol10/iss2/1