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Shining Light on Farm & Food Policy for 20 Years.
Sunday, December 22, 2024
USDA’s latest forecast for farm earnings estimates that net farm income will be down 6.3% this year to $140.7 billion, when adjusted for inflation. USDA estimates net cash farm income will be 3.5% lower this year at $158.8 billion.
Tight global grain stocks should continue to sustain commodity prices into next year, supporting strong, pent-up demand for farm equipment, executives with Deere and Co. said Friday.
