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USA - U.S. farm exports hit record; net farm income leads 'sustainable recovery'

Agriculture Secretary Tom Vilsack said this morning that agriculture is “leading this country’s recovery” with all three key measures of farm earnings showing a “rapid rebound.” He also praised a USDA forecast that U.S. exports are on course to set a record of $126.5 billion in fiscal 2011.
2 December 2010
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Agriculture Secretary Tom Vilsack said this morning that agriculture is “leading this country’s recovery” with all three key measures of farm earnings showing a “rapid rebound.” He also praised a USDA forecast that U.S. exports are on course to set a record of $126.5 billion in fiscal 2011.

The Economic Research Service predicted earnings for the farm sector would: 1) see a 34% increase in net cash income compared to 2009 (net cash income includes only cash receipts and expenses); 2) see net value-added up $20 billion from 2009 to total $132 billion; 3) see the rebounding net farm income come within $5.9 billion of the all-time record in 2004.

http://www.feedstuffs.com/ME2/dirmod.asp?sid=F4D1A9DFCD974EAD8CD5205E15C1CB42&nm=Breaking+News&type=news&mod=News&mid=A3D60400B4204079A76C4B1B129CB433&tier=3&nid=6498857061F046E0B7BAABDC0F0CC18A

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