Farm receipts show reversal of fortunes

Farm receipts show reversal of fortunes

USDA forecasts higher livestock cash income, while crop producers to see lower returns.

THE net income situation for livestock and grain producers has made nearly a complete reversal over the last three years, with the U.S. Department of Agriculture's Economic Research Service (ERS) projecting higher livestock receipts and lower crop receipts.

USDA expects more favorable price forecasts for crops and livestock for 2014, reflecting more optimistic expectations relative to forecasts made in February. Many of the livestock categories are

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