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USDA forecasts farm income rise amid cost pressures
Despite falling crop prices and stubbornly high input costs, USDA’s latest farm income forecast points to stronger bottom lines in 2025. The report, released on Wednesday, projects net farm income to climb well above earlier expectations, marking a reversal after back-to-back years of decline. Much of the expected gain is tied to higher livestock receipts and additional government payments, which appear set to offset the pressure from rising production expenses and weaker returns for crop...