text: Income for the farming industry has increased 23.2% since 2020, from $94.8 billion to an estimated $116.8 billion for 2021. 2019 farm income was $79.1 billion, and this year’s projection of $116.8 billion means total incomes have increased nearly 48% in only two years. The majority of this income hike comes from rising commodity prices, implying that incomes for farmers may fall once supply chain issues begin to cool off. The UN Food and Agriculture Organization finds that world food prices have increased 27.3% year over year as a whole since last November, pushing the food price index to an all-time high for the last decade. (AC: With supply chain pressures such as labor shortages and rising freight expenses, inflation, and continued growth in demand, the price of food will likely continue to reflect the culmination of these factors until one of them begins to subside. The U.S. government has increased the number of laws that impose regulations on food production and contributed to supply concerns, primarily to ensure that food suppliers are not engaging in business practices that would result in an unfair edge for one supplier and disadvantages for smaller manufacturers. It is estimated that regulations to the food industry have increased by 300% since the early 1970s. –