The hearing of subcommittee on general farm commodities and Risk Management entitled reviewing the state of the farm economy will come to order. Good morning and thank you for joining us, as we look into this critical aspect of our economy. Every one of us seated up here has heard from farmers in our districts about the bad farm economy. Commodity prices are low, input costs are rising and financial pressure is mounting on farmers across this country. While we hear so much about the booming state of the overall economy, our rural and farm economy continues to struggle. You cannot have a successful National Economy when such a vital component hurts the way our farmers are currently. The numbers paint a rough picture. Usda forecasts net farming level for 2019 to be only 77 of the annual average for 2000 through 2017. Its down 50 from 2013 alone. Inflationadjusted farm debt is the highest it has been since 1980 and the debt to asset ratio for farmers is rising steadily. This hearing offer
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Cotton is one of the world’s largest crops and is harvested with large, heavy machines. Robotic harvesting could yield higher-quality cotton with less damage to plants and soil.