NEWS
U.S. Net Farm Income Takes Dip
Chris Clayton DTN Ag Policy Editor
Tue Nov 27, 2012 02:27 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
Todd's Take
USDA Weekly Crop Progress
Labels to Note Tenderized
USDA Reports Summary
USDA Reports Summary
USDA Reports Flash
USDA Weekly Crop Progress
USDA Reports Preview
Groups Want USDA Investigated
View From the Cab