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2013 to Bring Record Income Again

2013-02-12 20:49:00| Corn & Soybean Digest

In its long-term projections released this morning, USDAs Economic Research Service forecast farm income at a record $127.6 billion, up 15% as crop insurance payments add to income record commodity payments. They then see a drop to $96.9 billion in 2014 as corn, wheat and soybean prices fall dramatically and high production costs, up 12% in two years, eat into income. News from Brock Associates read more

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