The Ag Paradox: Farm Incomes And Equipment Purchases Tank While John Deere’s Stock Soars
Last week the U.S Department of Agriculture’s latest biannual report of farm incomes painted a very bleak picture for the American farmer. In its first forecast for 2017, the USDA saw real farm cash receipts down 14% versus 2015 and 36% from the previous high set in 2012 as farm debt continued to soar and leverage surged to all-time highs.
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