Farm incomes will soar past the US$100 billion

For the first time in US history farm incomes will top the US$100 (€70.023 ) billion in 2011, this is due to increased cash receipts for everything from cotton to wheat, corn and soybean. The United States Department of Agriculture (USDA) said that US farm incomes will be about US$103.6 (€72.544) billion up US$24.5 (€17.156) billion or 31 percent on last year figure. "Many different crop and livestock categories are expected to achieve record high sales," said USDA. It forecast crop receipts to be 19 percent higher than in 2010 and livestock receipts to rise by nearly 16 percent. Read more ...

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