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

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.