USDA projects farm income to rise around 5 percent in 2022

The USDA said Thursday it expects farm income for 2022 to rise 5.2 percent, to $147.7 billion, from a year earlier, with cash receipts for agricultural commodities at a record level. But higher production expenses and lower government Covid-19 payments are presenting some headwinds. The slight bounce in income comes after 2021, when farm income… » Read More

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