USDA Polishes Off Its Economic Crystal Ball
Agricultural economists, ag policy makers, and agribusiness executives from across the globe are in Washington for the annual USDA Outlook Conference, and heard Chief Economist Joe Glauber forecast 2012 US plantings at 94 million acres for corn. But that was followed with a forecast average price of $5 for corn as trend yields allow stocks to rebuild. Those lower prices will factor into an 11% drop in farm income, compared to 2011. How does that parallel with your own budget?
Posted by Stu Ellis on 02/24 at 01:14 AM | (0) Comments | Permalink
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