August 31, 2009
WSJ: Recession hits down on the farm
From the Wall Street Journal:
Recession Hits Down on the Farm
By SCOTT KILMAN and LAUREN ETTER
The American farm, which has weathered the global recession better than most U.S. industries, is starting to succumb to the downturn.
The Agriculture Department forecast Thursday that U.S. farm profits will fall 38% this year, indicating that the slump is taking hold in rural America. Much of the sector had escaped the harsher aspects of the crisis, such as the big drop in property values plaguing city dwellers and suburbanites.
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