U.S. farmer incomes, cropland values projected to fall more

The U.S. farm economy faces more pressure this quarter from low grain prices and stubbornly high costs, with incomes down across much of the country's most important cropland, quarterly reports from Federal Reserve banks show. Second-quarter surveys released on Thursday by the Federal Reserve banks of Kansas City and St. Louis also suggested the value of cropland would decline further in the third quarter. The rural economy has been hit by recent bumper harvests that have pushed grain prices to