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U.S. farmers received 14.8 cents for farm commodity sales from each dollar spent on domestically-produced food in 2016. Known as the farm share, this is down from 15.5 cents in 2015.
A tax reform provision to provide relief to agricultural producers may be short lived. Michael J. McCloskey, a dairy farmer and Select Milk Producers CEO suggests a legislative "fix” under discussion in the halls of Congress would destroy a bright ray of hope for American farmers by repealing favorable tax language and undermining American agriculture’s ability to compete in world markets.
Favorable weather conditions as well as droughts and floods can lead to changes in production levels of farm commodities and, in turn, swings …