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FAPRI projects cow-calf profit to continue

2016-03-26 02:45:00| Beef

We are looking at several years of pretty tight financial situation for U.S. agriculture," says Pat Westhoff, director of he Food and Agricultural Policy Institute (FAPRI) at the University of Missouri. "Farm income is less than half of the 2013 peak and we expect it to remain low for the next several years." The recent FAPRI U.S. Baseline Briefing Book projects crop and livestock price for the next decade. Though profitability in the cow-calf sector is down sharply, it is still above historical levels," Westhoff says. "This will promote further small increases to the herd in coming years. read more

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