Agriculture faring better than overall economy

The 18-month U.S. “great recession” ended a year ago, according to the federal government. John Penson, Jr, regents professor and Stiles Professor of Agriculture at Texas A&M University, told the 29th Annual Agribusiness Management Conference in Fresno, California, that many economic indicators are worse now than they were when the government declared the recession over in December 2009.

“Things are a little bit better than the last time I was here (a year ago),” Penson told attendees at the conference sponsored by three departments at California State University, Fresno and Bank of America. Fortunately, agriculture is faring considerably better than the rest of the economy. The latest United States Department of Agriculture (USDA) figures project that net farm income will increase this year to US$77.1 billion, the fourth highest level ever. Read more...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.