The U.S. Department of Agriculture (USDA) Wednesday released a report from USDA’s Economic Research Service projecting an increase in farm income for 2013.
Agriculture Secretary Tom Vilsack released the following statement in regard to that report:
“This week's forecast of a $6.8 billion increase in net farm income is a testament to the resilience and productivity of U.S. farmers and ranchers, and a further sign of the positive momentum they have achieved over the past five years.
“A 6% increase in this key measure would be the second highest inflation-adjusted amount since 1973, even as agriculture has worked hard to recover from an historic drought and other disasters.
“I am confident that our farmers and ranchers will continue to show the determination and innovation that has been the hallmark of American agriculture for generations.
“To help continue their strong momentum, producers and rural communities are counting on Congress to provide a comprehensive, long-term Food, Farm and Jobs Bill that will lend certainty to Federal farm policy – as well as passage of a commonsense immigration reform measure to ensure a stable and dependable agricultural workforce in the years to come.”
To view the highlights from the 2013 Farm Income Forecast, click on this site: http://www.ers.usda.gov/topics/farm-economy/farm-sector-income-finances/highlights-from-the-2013-farm-income-forecast.aspx