Jr. Extension Ag Economist Last year at this time, we projected a 12-15 percent increase in S.C. farm income for 1996. However, at that time prospects for the crops sector appeared to be much brighter than for the livestock sector, which was suffering from low output prices and high feed prices.
Preliminary indications suggest that our forecast was right on target.
And as it turns out, even in the livestock sector cash receipts were fairly strong, led by higher milk and hog prices, and continued poultry expansion. In general, we repeat that guidance now. Soybeans, coming off a record yield, also have potential. Beef prices will probably at long last begin a recovery that should last into the next century. Looking Further Ahead.