Source: FARM POLICY NEWS, UNIV. OF ILLINOIS, 8/8/17


Last week, USDA's National Agricultural Statistics Service (NASS) released three important updates that provide current insight into the state of the U.S. agricultural economy. The releases focused on land values, cash rents, and production expenditures. Meanwhile, USDA's Economic Research Service (ERS) recently updated its monthly agricultural trade data, and on Monday, included an article related to farm household income in its Amber Waves magazine publication. As lawmakers and the executive branch continue to gather perspective in preparation for the next Farm Bill, today's post looks briefly at some of the key findings from these recent USDA updates on the farm economy. 

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