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The 2002 Farm Security and Rural Investment Act (FSRIA) provides for three different types of payments for an expanded list of farm commodities. Each type of payment has unique implications for farm market and financial risk management.
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Many farmers have reduced their machinery costs by owning equipment jointly. This helps smaller operators utilize machinery more efficiently and still enjoy the convenience of owning a full line. It also helps younger operators get started with less capital tied up in machinery.
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