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USDA boosts 2019 farm income forecast

Big cuts to expenses, more government payments seen

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US net farm income is forecast to increase $4.0 billion (4.8%) to $88.0 billion in 2019, according to USDA's Economic Research Service. Net income in 2018 rose $6.3 billion, the agency said, marking a reversal from earlier forecasts and showing year-over-year declines.


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