Domestic demand is already strong. Capacity is tight. If this extra income is spent and/or invested by farmers it will add to this domestic demand pressure. It may be that a large portion of this extra income is saved or used to repay debt.
But to the extent that some of it is spent, it may make it harder to achieve our medium-term inflation target. This effect could be compounded even further if these higher incomes become reflected in higher rural land prices. A reacceleration in land prices risks adding to domestic demand pressures through wealth effects and equity withdrawal.