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Commodities Briefing - Categorized | Agriculture, Commentaries more

Strong outlook for the farm sector comes with a commodities caveat

Posted on 28 August 2013

Things are still good in the U.S. farm belt. On Tuesday, the Department of Agriculture said it expects net farm income this year to reach $120.6 billion, a jump of 6% from 2012 and the second highest since 1973 on an inflation-adjusted basis.
But the robust outlook comes with a caveat. Federal forecasters in their last outlook back in February predicted an even stronger 2013. Tuesday’s projection for net farm income was a more than 6% decline from that earlier forecast………………………………………..Full Article: Source


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