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FEB 12, 2013 - Business Insider

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American Farms Haven't Raked In This Much Money In 40 Years

U.S. farm income is projected to rise 14 percent to $128.2 billion in 2013, the highest level since 1973, according to the latest report from the USDA. If yields returned to trend, crop production would reach record levels and cause a drop in inventories. "This would lead to higher net farm income since this measure goes beyond cash income to include the value of inventory change and other noncash items."Net cash income (the difference between cash expenses and commodities sold and other farm income) is expected to be $123.5 billion. That's only the fourth time since 1973 that net cash ... Read More

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