Author: ALAN BJERGA
Article and Picture URL: http://www.startribune.com/nation/181084221.html?refer=y
"The worst U.S. drought in more than five decades will lower farm profits 3.3 percent this year from 2011 as rising feed costs outweigh higher crop prices caused by drier conditions, the government said.
Income will fall to $114 billion from 2011's record $117.9 billion, the U.S. Department of Agriculture said Tuesday on its website. The estimate for this year is down from $122.2 billion in August. Expenses such as diesel fuel and animal feed will increase 9 percent to an all-time high of $237.1 billion."
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