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Indiana farm income expected to jump 20 percent

Associated Press
September 4, 2010
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Indiana farmers can thank weather problems around the world and a recession at home for an expected jump in their income this year.

The federal government and a Purdue University economist say Indiana farm income is expected to rise 20 percent over last year.

Purdue agricultural economics Professor Christopher Hurt told The Journal Gazette of Fort Wayne that some of the increase is due to the recession, which pushed down prices for fertilizer and made it cheaper to produce an acre of crops.

Hurt says droughts and floods that damaged crops elsewhere in the world boosted prices for U.S. crops like wheat and corn.

The 20 percent increase in farm income would add $508 million to the state's economy.

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  • be more specific
    Does this hold true for organic farmers as well? It seems maybe not, as the decrease in fertilizer, if referring to synthetic fertilizer, would not benefit them. However, their income may be on the rise as more and more people are supporting organic local food production with their grocery dollars. More small farms (organic) are being established in Indiana because of this -- how about some details on them?

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