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
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
Getting to the Root of Residual
USDA Weekly Crop Progress
USDA Reports Summary
USDA Report Flash
USDA Reports Preview
USDA Weekly Crop Progress
Farming on the Mother Road - 2
View From the Cab
Newsom on the Market
USDA Weekly Crop Progress