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REPORT: FARM INCOME WAY DOWN
Monday, December 28th, 2009 -- 2:04 pm
Posted by Riley Hebert-News Director
New data suggests U.S. farm income was way down in 2009.
According to a new report from the Agriculture Department’s Economic Research Service all three measures of farm income are projected to show steep losses.
Net farm income is projected to decline 34.5%, net cash income by 28.4% and net value-added income by 20%.
Overall farm debt is expected to remain steady at $239 billion. The largest declines in farm-business income are forecast for livestock farms, particularly dairy.
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