After two years of steep declines, farm income stabilizes
U.S. farm income plummeted by a combined 31 percent in 2014 and 2015. It will fall again this year, says a USDA forecast, but by a modest 2-3 percent. Large crop-subsidy payments, estimated at $9.5 billion, will buffer a 4-percent drop in livestock receipts and a 1-percent decline in crop receipts. Market prices for most… » Read More
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