Outlook for Farm Income in 1977
Net income of U.S. farmers in 1977 is expected to total about $24 billion, approximately the same as in 1976 and 1975 according to information presented at the National Agricultural Outlook Conference in November. While realized gross farm income is expected to total more than the $104 billion estimated for last year, production expenses are also trending upward and will probably match the increase in gross income.
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