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U.S. 2014 Farm Income Seen at $113.2 Billion, Down 14% From ’13

Aug. 26 (Bloomberg) -- Lower prices for U.S. corn, soybeans will put 2014 net farm income at $113.2 billion, down 14% from record $131.3 billion in 2013, USDA says in an estimate posted on the agency’s website. * 2014 profits up 18% vs. Feb. estimate * Crop revenues seen at $200.9b, up 6.1% vs. Feb. * Livestock revenues seen at at $209.6b, up 14% vs. Feb.

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