In the U.S., the Farm Income Forecast, released by USDA on Aug. 30, showed net farm income is forecast to see a $4 billion increase or a 4.8% improvement in 2019, following increases in both 2017 and 2018. Adjusted for inflation, that amounts to $2.5 billion or 2.9%. Net cash farm income was also forecast to rise by $7.6 billion or 7.3%; adjusted for inflation, this amounts to $5.8 billion or 5.4%.
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