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More inconvenient good news coming during the GOP convention when they're trying to show the country that Obama has destroyed the economy... 

By: oldCADuser in FFFT | Recommend this post (2)
Wed, 29 Aug 12 6:25 PM | 34 view(s)
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US farmers eye record profits

By Gregory Meyer

August 28, 2012

US farmers are heading for their most profitable year on record despite the worst drought in half a century as high grain prices and payouts from a federal crop insurance programme compensate for a smaller harvest.

Net farm income will reach $122.2bn in 2012, the highest-ever nominal profit and the second highest in inflation-adjusted terms after 1973, the US Department of Agriculture said in its first forecast since drought spread across the corn belt...

For the full article, if you have a Financial Times subscription, go to:

http://www.ft.com/intl/cms/s/0/f477ac96-f149-11e1-b7b9-00144feabdc0.html?

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