Tuesday, October 12, 2010

Farming Coming Out Of Recession Faster Than General Economy

"The farm economy is coming out of the recession far faster than the general economy," said Don Carson, a senior analyst at Susquehanna Financial Group, New York.

Overall, the USDA projects net farm income to climb 24% this year to $77.1 billion, the fourth highest ever. In September, farmers were being paid 62% more for hogs than a year earlier, and 32% more for milk.
From The Wall Street Journal article "Farm Belt Bounces Back" by Scott Kilman.

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