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Despite the drought, the net income of U.S. farmers is set to hit a record $122.2B, the USDA has...

  • Wednesday, August 29, 2012, 3:24 AM ET
    Despite the drought, the net income of U.S. farmers is set to hit a record $122.2B, the USDA has forecast. Farmers inside the "drought belt" are filing insurance claims to offset the damage to their corn and soybean crops, while those outside in the northern plains could earn 39% more due to record prices. Equipment makers such as Deere (DE) and Kubota (KUB) could also benefit.
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    Guess Jim Rogers knows a thing or two about investing in this environment after all.
    29 Aug 2012, 07:15 AM Reply Like
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