Reported about 18 hours ago
The U.S. agricultural sector is experiencing a recession, with net farm income dropping 4% this year as expenses for essential goods such as fertilizer and equipment continue to rise. In response, a federal spending bill that allocates $10 billion to farmers has been approved by Congress, along with $21 billion in disaster aid for recent natural calamities. As farmers struggle with rising costs and lower commodity prices, some industry leaders predict further challenges ahead, while a mix of optimism and caution remains among different sectors within agriculture.
Source: YAHOO