Thursday, May 24, 2012

USDA: FARM INCOME WILL TOP $91B THIS YEAR


(Bloomberg/DailyHerald.com) -- Bloomberg reports that "net farm income for domestic growers will reach $91.7 billion this year, second only to last year's $98.1 billion."  That is according to the U.S. Department of Agriculture.  Farm income last year was $30 billion higher than the 10-year average -- and that jump in income is primarily responsible for the large increase in farmland values, the story notes.

To read more of the article: CLICK HERE