Barley is an important crop in Wyoming that may be raised as animal feed or for malting. Different varieties are typically used for feed barley and malt barley and malting barley yields are generally lower than feed barley yields. Some farmers may choose to raise organic barley to serve the needs of niche markets. Insurance products offered by the USDA Risk Management Agency are available for feed barley, malting barley (through a malting barley endorsement), and organic barley. These products are the focus of this briefing paper.

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Farm sector profitability measures forecast for 2017 range from nearly flat to declining. Net cash farm income, one measure of profitability, is forecast at $93.5 billion ($82.2 billion after adjusting for inflation) for 2017, up 1.8 percent compared to the 2016 forecast. Net farm income, a broader measure of profitability because it includes noncash values such as inventory flows and economic depreciation, is forecast at $62.3 billion ($54.8 billion after adjusting for inflation) for 2017, down 8.7 percent compared to 2016.

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