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Report: Nebraska farm income expected to bottom out in 2017

 


LINCOLN, Neb. (AP) — An economic forecast report says weak farm income will continue to hamper Nebraska's economic growth in the coming years.

The forecast report released Friday by the University of Nebraska-Lincoln's Bureau of Business Research says Nebraska's net farm income is projected to decline by nearly 16 percent for 2017, to $3.7 billion. That will come as federal support for agriculture declines and as yields normalize following a strong 2016 harvest.

Bureau director Eric Thompson says farm income is expected to bottom out in 2017, but rebound in 2018 and 2019.

The forecast is...



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