Mounting global inventories, withering export demand and weak global economic growth, which caused U.S. farm income to plummet by 25% in 2015, will continue to plague the U.S. agriculture industry in 2016, according to the new “Quarterly Rural Economic Review” from CoBank.
U.S. farm income declined to $93 billion in 2015 after averaging more than $124 billion in the previous four years due to uncommonly strong commodity market growth. Despite the decline, CoBank said the 2015 farm
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