FARM BUSINESS NEWS
DTN Ag Business Benchmark
Marcia Zarley Taylor DTN Executive Editor
Wed Dec 5, 2012 02:50 PM CST

HADDONFIELD, N.J. (DTN) -- Modern droughts may wreak havoc on the livestock sector, but they just aren't as financially debilitating to crop producers as they were in the last century. In fact, overall 2012 net farm incomes -- including both livestock and crops -- will slip only 3.3% from the $114 billion accrued last year, USDA forecast last week. When you examine returns for crop producers alone, farm incomes will top the inflation-adjusted 1974 peak for the second year in a row.

Not only are farm incomes stable, they're remaining at relatively high levels compared to 10-year averages. Unlike the ...

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