A Golden Outlook - Jump in farm income for 2011 reflects a healthy sector

摘要

Despite higher input costs for 2011, lofty prices for most U.S. crops and livestock are translating into an increase in net cash income and net income. USDA's Economic Research Service (ERS) says net cash income for farm businesses is forecast at $98.6 billion, up $7.3 billion (8%) from 2010 and $26.8 billion above the 10-year average (2000 to 2009). Net income is forecast to be $94.7 billion in 2011, up $15.7 billion (19.8%) from the 2010 forecast.