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U.S. farm production expenditures keep climbing (access required)

U.S. farmers spent a record-high $351.8 billion on agricultural production in 2012, a 10.4 percent increase from 2011, according to the Farm Production Expenditures report. Crop farms accounted for the majority of production expenditures in 2012. These expenditures totaled $200 billion, increasing 17.4 percent from 2011. Low interest rates boosted new machinery purchases in 2012, increasing ...

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