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USA - Net farm income forecast up 24 percent in 2010

Net farm income is forecast to be $77.1 billion in 2010, up $14.9 billion (24 percent) from 2009. The 2010 forecast is $12.3 billion above the average of $64.8 billion in net farm income earned annually in the previous 10 years and is the fourth largest amount of income earned in U.S. farming. Cash receipts are expected to increase 6.5 percent, due mainly to higher livestock receipts.
9 September 2010
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Net farm income is forecast to be $77.1 billion in 2010, up $14.9 billion (24 percent) from 2009. The 2010 forecast is $12.3 billion above the average of $64.8 billion in net farm income earned annually in the previous 10 years and is the fourth largest amount of income earned in U.S. farming. Cash receipts are expected to increase 6.5 percent, due mainly to higher livestock receipts.

Farm business equity (assets minus debt) is expected to rise by 3.5 percent, largely due to an expected 2.9-percent increase in the value of farm business real estate and a 4.2-percent decline in farm business debt. The farm business sector's debt-to-asset ratio is expected to decline to 11.2 percent and debt-to-equity is expected to decline to 12.6 percent in 2010, indicating an improvement in the farm sector's solvency.

http://www.ers.usda.gov/Briefing/FarmIncome/nationalestimates.htm

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