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Wednesday, December 14, 2011

Farmer Net Cash Income Will Approach $110 Billion for 2011

The Economic Research Service of USDA is projecting that both net farm income and net cash income will surpass $100 billion for the fist time in 2011.

Net cash income, at $109.8 billion, is projected to increase $17.5 billion (19%)from 2010 and would be $34.2 billion above its 10-year average. Net cash income reflects only the cash transactions occurring within the calendar year and is a measure of solvency, or the ability to pay bills and make payments on debt. Net cash income is generally less variable than net farm income.

Additionally, USDA is expecting that farm debt will fall about 3 percent to $242 billion for 2011.

Read the report.
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