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
Related News Stories
Minding Ag's Business
Minding Ag's Business
Ag Interest Rate Snapshot
Minding Ag's Business
Ranch Hands
Minding Ag's Business
CP Railway Logs Record Q3
Canadian Pacific Ends CSX Deal Talks
Minding Ag's Business
STB Likely Cautious on Rail Mergers