FARM BUSINESS NEWS
USDA Forecast Farm Income to Decline
Wed Feb 12, 2014 04:21 PM CST

(Dow Jones) -- Federal forecasters expect U.S. farm income to decline 26.6% to $95.8 billion this year, the lowest level since 2010, due to a sharp drop in corn and soybean prices.

The Department of Agriculture projected that U.S. net farm income would decrease due to an almost $11-billion decline in corn receipts and a decline of more than $6 billion in soybean receipts. Corn and soybean prices fell last year as U.S. growers harvested large crops, including the biggest U.S. corn crop in history.

Farm income last year was $130.5 billion, a nominal all-time high.

Farm incomes roughly doubled ...

Quick View
Related News Stories
Ag Interest Rate Snapshot
Taxlink by Andy Biebl
Minding Ag's Business
Minding Ag's Business
Trading Arm Lifts Glencore
The Art of Planting - 5
Former NFL Player Talks Ag
Cost Control
Woodbury: Farm Family Business
Flip a Coin on ARC, PLC