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  • elahens Nov 26, 2013 3:30 PM Flag

    USDA upgrades Farmers INCOME

    DTN reports
    USDA Hikes Farm Income Forecast
    14 minutes ago

    (Dow Jones) -- Federal forecasters increased their estimate for U.S. farm income this year by 9% to $131 billion, as bumper corn and soybean harvests help farmers offset lower prices for their crops.

    Net farm income will rise 15% from $113.8 billion last year to the highest level on an inflation-adjusted basis since 1973, the U.S. Department of Agriculture projected Tuesday.

    The income gains reflect a sharp increase in production of corn and soybeans in the U.S. Midwest just a year after a severe drought curtailed harvests.

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