U.S. farm income will jump nearly 20 percent this year, with soaring grain prices boosting farmer profits even as production costs climb, according to a government report.
Net farm income is expected to reach $94.7 billion this year, which would be the second-highest, inflation-adjusted total in 35 years, according to the U.S. Department of Agriculture. Farm income includes all production regardless of when sales take place. Get the full story »
