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Source: SOUTHERN FARM NETWORK, 9/3/20
The Department of Agriculture says farmers will earn more net farm income in 2020 due to federal relief programs. Net cash farm income is forecast to increase $4.9 billion to $115.2 billion. In inflation-adjusted 2020 dollars, net farm income is forecast to increase $18.3 billion, and net cash farm income is forecast to increase $4 billion. If realized, both income measures would be above their historical average across 2000-2019 when adjusted for inflation. For more of this story, click here.
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