Keeping Track: farm profits
US aid still key, though net sales inch up
The view from the top of the silo isn't too bad.
Government assistance appears to have helped arrest a serious slump in US farm income that began in 1996 after a short-lived jump in market-based income - income not linked to government subsidies - of $18 billion over 1995 net earnings.
In 2000, farmers sent grocers more red meat and poultry than ever before, according to a recent report by the Center for the Study of Rural America at the Federal Reserve Bank of Kansas City. But a big crop (the fifth consecutive US bumper harvest) meant a grain surplus, which hurt profits.
(c) Copyright 2001. The Christian Science Monitor