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Farm crisis cools as bankruptcies fall in 1988
Agriculture Department economists say rising incomes and falling attrition improve the farm picture. 1988 farm bankruptcies are down 50 percent from 1986, with fewer farms exiting due to ordinary retirement or death. Net cash income may drop 5 to 13 percent in 1989, while net farm income could rise 5 to 16 percent per USDA methods. Farmers idled about 29.9 million acres under 1989 programs, with final land-idling figures up slightly from May estimates.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Economic Research Service
Gajewski
American Bankers Association
USDA
Agricultural Stabilization and Conservation Service