The farm economy appears to be turning around ever so slightly. Farm land values have held up very nicely in the face of low farm prices keeping the U.S. farm balance sheet reasonably sound. The Asian economies are gaining strength which should help boost prices of certain select commodities. Can we put on a happy face? We want to.

Yet I just finished reading the speech that Keith Collins, USDA's Chief Economist, gave to the American farm Bureau Convention. He calls them the way he sees…

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