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U.S. agriculture entered the most recent recession better positioned than most U.S. industries, was less affected by the recession than most other U.S. industries, and is likely to continue to do well in the years ahead.The farm sector was bolstered by several years of strong income growth, rising farmland values, and low dependence on debt, so both farmers and farm lenders were in a relatively strong financial position.Strong demand for U.S. agricultural products, led by the expansion of developing-country markets, an extended period of depreciation in the real exchange rate, and growing demand for biofuels, has bolstered both the performance and prospects ofU.S. agriculture.

Subject(s): Agribusiness

Agricultural and Food Policy

Agricultural Finance

Financial Economics

Issue Date: 2012

Publication Type: Journal Article

PURL Identifier: Published in: Amber Waves, Issue 04

Total Pages: 5

Record appears in: United States Department of Agriculture (USDA) > Economic Research Service > Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America

Autor: Shane, Mathew ; Morehart, Mitchell J.


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