Record corn crop pushes income forecast higher

This year’s record corn crop will help push net farm income 15 percent higher than 2012, but expenses and debt are also forecast to increase, the U.S. Department of Agriculture (USDA) said last week.

Net farm income is forecast to be $131 billion in 2013, up 15.1 percent from 2012’s estimate of $113.8 billion. After adjusting for inflation, this...

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