Maintenance. We are currently updating the site. Please check back shortly
Members login
  • TrustLaw
  • Members Portal
Subscribe Donate

U.S. expects 6-pct rise in net farm income in 2013

Source: Reuters - Tue, 27 Aug 2013 17:55 GMT
Author: Reuters
cli-ada
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

WASHINGTON, Aug 27 (Reuters) - Net farm income in the United States will reach $120.6 billion this year, up 6 percent and the second highest since 1973 when adjusted for inflation, the Department of Agriculture said on Tuesday.

The forecast was down from a preliminary $128.2 billion forecast in February, however.

Net cash income was forecast to fall more than 10 percent in 2013 from the previous year. USDA attributed the fall to substantial crop stockpiles expected at year-end after large grain harvests.

"Not all crops produced in 2013 will be sold by the end of the 2013 calendar year; we anticipate substantial increases in the annual quantity and value of crop inventories, particularly for corn," USDA said. (Reporting by Ros Krasny; Editing by Gerald E. McCormick)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus
Most Popular
TOPICAL CONTENT
Topical content
LATEST SLIDESHOW

Latest slideshow

See allSee all
FEATURED JOBS
Featured jobs