FARM BUSINESS NEWS
Net Farm Income Takes Dip
Chris Clayton DTN Ag Policy Editor
Tue Nov 27, 2012 01:39 PM CST

OMAHA (DTN) -- Revenue is up for farmers in 2012 for almost all sources of farm income, USDA reported Tuesday, but net farm income for the entire farming sector is down 3.3%, mainly due to high farm expenditures, particularly for livestock feed.

Buoyed by high crop-insurance payments, net farm income nationally is projected to be $114 billion in 2012 despite the widespread drought. The net farm income figure is down about $4 billion from 2011's record high farm income, according to USDA's Economic Research Service.

Feed expenses hit livestock and poultry producers hard, rising $9.7 billion in 2012, an 18% ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
Woodbury: Farm Family Business
Klinefelter: By the Numbers
Ag Interest Rate Snapshot
Tyson to Sell Heinold Unit
US Farm Incomes Forecast to Fall
Minding Ag's Business
Minding Ag's Business
DTN Ag Business Benchmark
Rents Resist Price Relief
Minding Ag's Business