Challenges continue to plague U.S. farm economy

Decline continues despite upward revision to farm income projections.

The U.S. farm economy weakened further in the third quarter despite an upward revision to farm income projections, according to a Federal Reserve Bank economist.

“Following a brief rebound in crop prices in the second quarter, profit margins for crop producers deteriorated in August and September. Profit margins also remained poor in the cattle and dairy sectors,” said Nathan Kauffman, an economist who also serves as assistant vice president and Omaha, Neb., branch executive with t

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