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How Accurate are USDA’s Net Income Projections?

Students of the business of agriculture know that crop receipts are generally a good indicator of how thick farmers’ wallets will be after the harvest is completed and the crops are sold. But those on the equipment side of the business know it’s really farmers’ net income that determines if and what capital expenditures will be made. So, USDA’s net income projections are watched closely to forecast capex and to estimate equipment production and sales…

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