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ANOTHER LARGE DROP FOR ‘18 FARM INCOME

The USDA forecasts net farm income for this year at $65.7 billion, down $9.8 billion from 2017. In inflation-adjusted 2018 dollars, net farm income is expected to drop $11.4 billion for the year, after increasing $13 billion in 2017. Therefore, income for 2018 would be just slightly above 2016, which was its lowest level since 2002. (Agri-Pulse)

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