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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.

By Wes Nelson

Farm Service Agency executive director

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