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U.S. 2013 Farm Income Seen Climbing 15% to Record on Big Crops

Farmers in the U.S., the world’s biggest corn grower, are projected to produce a record 13.989 billion bushels of the grain this year.

Soybean output will be 3.258 billion bushels, the third-biggest ever, government forecasts show.

Global food costs tracked by the United Nations are 14 percent below the all-time high set in February 2011 as crop supplies gained.

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