Broadacre farmers in large parts of the country are bracing for a financial blow, just as dairy producers prepare for a cash injection. Income from broadacre farms is forecast to drop by about seven per cent this financial year, driven by lower commodity prices and high input costs. Heavy rains and damaging floods have also delivered an additional hit to farmers on the country's east coast. Despite the setback, cash incomes will remain well above the 10-year average. There is better news for dairy farmers, with the Australian Bureau of Agricultural and Resource Economics and Sciences predicting record incomes ahead. The bureau's Peter Gooday said incomes for dairy farms were projected to increase by about 20 per cent this year, mainly because of higher farmgate milk prices. "This represents record average farm income for dairy producers despite the rising input costs," he said.