FILE - In this Aug. 18, 2015 file photo, low clouds move through a valley following a storm near a farmstead in Dubuque, Iowa. The U.S. Department of Agriculture said Wednesday, Aug. 26, 2015 that it will be a less profitable year for farmers as low grain, milk and hog prices cut farm income. Net farm income is expected to decline 36 percent to $58.3 billion, down from last year’s $91.1 billion _ the lowest net farm income in nine years. (Dave Kettering/Telegraph Herald via AP, File) MANDATORY CREDIT

FILE - In this Aug. 18, 2015 file photo, low clouds move through a valley following a storm near a farmstead in Dubuque, Iowa. The U.S. Department of Agriculture said Wednesday, Aug. 26, 2015 that it will be a less profitable year for farmers as low ... grain, milk and hog prices cut farm income. Net farm income is expected to decline 36 percent to $58.3 billion, down from last year’s $91.1 billion _ the lowest net farm income in nine years. (Dave Kettering/Telegraph Herald via AP, File) MANDATORY CREDIT (The Associated Press)

Farm profits to fall for second consecutive year on lower grain, livestock prices

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The U.S. Department of Agriculture says it will be a less profitable year for farmers as low grain, milk and hog prices cut into income.

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The abundance of grain leftover from last year's crop and this year's anticipated harvest of the third-largest corn crop and second-largest soybean crop on record have kept prices below the cost of production.

The USDA said in a report Tuesday net farm income is expected to decline 36 percent to $58.3 billion, the lowest in nine years.

Iowa State University agricultural economist Chad Hart says farmers are using savings to get by.

Others are borrowing more, but while farm debt is rising, the USDA says it is not yet at worrisome levels.