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<blockquote data-quote="kenny thomas" data-source="post: 631624" data-attributes="member: 8993"><p>USDA announced yesterday that it expects 2009 farm income to drop 20 percent from last year, thanks to lower commodity prices. However, net farm income is still projected at 9 percent higher than the 10-year average.(quote)</p><p></p><p>The global economic recession will weigh on the livestock sector, according to USDA officials, with export demand slumping for meat and dairy products. A steep drop in milk prices may prompt an 11 percent slump in the value of livestock commodities, the agency adds.(quote)</p><p></p><p>Don't look good.</p></blockquote><p></p>
[QUOTE="kenny thomas, post: 631624, member: 8993"] USDA announced yesterday that it expects 2009 farm income to drop 20 percent from last year, thanks to lower commodity prices. However, net farm income is still projected at 9 percent higher than the 10-year average.(quote) The global economic recession will weigh on the livestock sector, according to USDA officials, with export demand slumping for meat and dairy products. A steep drop in milk prices may prompt an 11 percent slump in the value of livestock commodities, the agency adds.(quote) Don't look good. [/QUOTE]
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