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Normal corn yields in 2012 could lower returns, should still be good year

United States net farm income is projected at $95 billion for 2012, down from $98 billion in 2011, by a report to Congress recently from the Food and Agricultural Policy Research Institute (FAPRI).

"While net farm income may fall a little short of last year, we expect 2012 to be another good year for most producers," said Pat Westhoff, director of FAPRI at the University of Missouri-Columbia.

Corn yields dropped

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