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Net Farm Income Highest Since 1973

2013-09-03 21:25:00| National Hog Farmer

By P. Scott Shearer, Bockorny Group, Washington, DC USDAs latest estimate forecasts 2013 net farm income at $120.6 billion. After adjusting for inflation this would be the second highest level since 1973. Secretary of Agriculture Tom Vilsack said, This weeks forecast of a $6.8 billion increase in net farm income is a testament to the resilience and productivity of U.S. farmers and ranchers, and a further sign of the positive momentum they have achieved over the past five years. read more

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