Report: Texas Farm Production is Down, Prices Are Up

The effects of the multiyear drought plaguing most of Texas are apparent in data released Friday by the U.S. Department of Agriculture. 

The five-year Census of Agriculture showed that the market value of agricultural products sold in Texas jumped from $21 billion in 2007 to more than $25 billion in 2012. But production numbers are significantly lower for many crops and livestock, and overall production expenses for farmers are also higher — $25.4 billion in 2012, compared with $19.2 billion in 2007. The increase in expenses appears to be driven by higher feed prices and rising utility expenses ...

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