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Net farm income is expected to total $114 billion in 2012, down 3.3 percent from 2011. (File photo)

USDA expects net farm income will decline slightly in 2012

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WILLMAR — According to the U.S. Department of Agriculture’s latest quarterly economic forecast, net farm income is expected to total $114 billion in 2012, down 3.3 percent from 2011. Nevertheless, after adjusting for inflation, the latest net farm income forecast remains very high by historical standards.

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By Wes Nelson

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