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Spotlight

Highlights From the 2013 Farm Income Forecast
February 11, 2013
Net farm income for 2013 is forecast at $128.2 billion, up nearly 14 percent from the 2012 revised forecast. This year’s net farm income is expected to be the highest since 1973 after adjusting for inflation.

New from ERS

Agricultural Baseline Projections, thumbnail of farm in front of city
Long-term agricultural projections to 2022
USDA-projected longrun developments for global agriculture reflect steady world economic growth and continued demand for biofuels, which combine to support increases in consumption, trade, and prices.
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Tax Reform: Potential Impact on Farms and Rural Households
Key elements of proposed tax reform, reducing accelerated deductions for capital purchases and raising capital gains tax rates, could increase tax liabilities for many farmers. Other elements could reduce tax liabilities.
Russian wheat stalks after harvest
Rising Grain Exports from Former Soviet Union
The three major grain-producing countries of the former Soviet Union--Kazakhstan, Russia, and Ukraine--have become a large grain-exporting region. This report examines the causes and provides the 10-year outlook for the region's exports.
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Beginning Farmers and Ranchers at a Glance
In 2011, beginning farms and ranches accounted for 22 percent of the 2 million U.S. family farms and 10 percent of the value of agricultural production by family farms. How do beginning farmers and ranchers compare to established ones?

Last updated: Monday, February 11, 2013

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