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US farm sector profits forecast to reach near-record highs in 2022

USDA’s Economic Research Service forecasts inflation-adjusted U.S. net cash farm income—gross cash income minus cash expenses—to increase by $13.5 billion (8.7%) from 2021 to $168.5 billion in 2022. This is the highest level since 2012. In comparison, U.S. net farm income is f... Read More