Farm Income Could be Second Highest on Record

Farm income is forecast to be $120.6 billion in 2013, according to a report released this week by the U.S. Department of Agriculture. That is up 6 percent from the 2012 estimate of $113.8 billion. When adjusted for inflation, the 2013 farm income is expected to be the second highest on record since 1973. Record crop production leads the increase along with livestock, dairy and poultry production, which is expected to increase more than 5 percent in 2013. Read the report.