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Farmer expected to end 2020 with best net income in 7 years
DES MOINES, Iowa (AP)—Thanks to the government paying nearly 40 percent of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast in December. Farm cash receipts are forecast to decrease nearly 1 percent to $366.5 billion, the lowest in more than a decade,…