The Farm Credit Administration board received a quarterly report Friday on economic issues affecting agriculture, together with an update on the financial condition and performance of the Farm Credit System as of Sept. 30, 2017. According to the report, USDA’s latest forecast indicates farm income appears to be stabilizing near its historical average. USDA expects net cash farm income to increase from $93.3 billion in 2016 to $96.9 billion in 2017. The gain is driven by stronger cash receipts for cattle and calves, hogs, broilers, and dairy. Read more…
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