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Farmers cautioned on buying land in 2006, huge grain supplies over market outlooks

After presenting an agricultural economic outlook, Abner Womack, University of Missouri economist, had words of caution for farmers at a dinner meeting at the Saline County Fairgrounds Tuesday night.

"You will have to manage your farms more carefully than ever before," said the co-director of the MU Food and Agricultural Policy Research Institute (FAPRI) in Columbia.

"Be extremely careful with debt, if you want to stay in business," Womack said.

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