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USDA STUDY SHOWS NUMBER OF FARMS FINANCIALLY STRESSED NEAR 20 YEAR NORMAL
Agri-Pulse reports:

The number of farms that are financially stressed has increased since 2012, but it's is still near the 20-year average, and things aren't as bad as they were back in 2002, according to a new study by USDA's Economic Research Service. The study says 2002 was the year with the lowest net cash farm income since 1996.

From 2012 to 2017, net cash farm income fell more than it had during any period since the 1970s, But farm income remains close to the long-run average when adjusted for inflation, according to the study.

About 5.2% of farms with sales above $500,000 would be in extreme financial stress if farm income falls as much as 10% below its 2017 level, the study said. A 20% decline would push nearly 7% farms to the brink.


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