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USDA sees farm income rise in 2020 versus 2019

Increase expected despite expected government payment decline

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USDA forecasts US net farm income to increase $3.1 billion (3.3 percent) from 2019 to reach $96.7 billion in 2020. Net cash farm income is forecast to decrease $10.9 billion (9.0 percent) from 2019 to $109.6 billion in 2020, according to USDA.

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