The latest data from the U.S. Department of Agriculture's Economic Research Service (ERS) projects net farm income for 2013 at $128.2 billion, expected to be the highest since 1973. The agency says a return to trend yields would lead to record crop production levels and result in substantial year-end crop inventories. This would mean higher net farm income, since this measure goes beyond cash income to include the value of inventory change and other noncash items. Net cash ...
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