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Midsize farms – farms with gross cash farm income between $350,000 and $1 million – declined by 5% between 1992 and 2012, according to a USDA Economic Research Service analysis released last week. USDA says the drop was partly due to exits from the business, but also was attributable to midsize farms having volatile income and a tendency to downsize or grow at higher rates than small or large farms. (USDA Report)

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