Wednesday, January 21, 2009

Just in

Lower on-farm prices forecast for 2009

Chicago--Farm income set a record in 2008. But agricultural economists are predicting lower prices for farmers this year. Because of the global recession, the only demand increase for corn the next two years will be for corn used for ethanol.

Demand is expected to decline for wheat and cotton this year. One bright spot for farmers is that fuel and fertilizer prices are expected to decline because of the weak global economy.

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