Hoosier farmers should see some extra green this year.

Farm income in Indiana is likely to be 20 percent ahead of last year, which was the second-highest farm profit year in a decade. Nationally, farm profits are expected to be 24 percent above 2009.

A 20 percent increase in farm profits would add $508 million to the state’s economy.

The recession has pushed down prices in other sectors – fertilizer and energy, for instance – which means it costs less to produce an acre of crops, said Purdue’s Christopher Hurt, professor of agricultural economics.

In addition, prices for many crops, especially wheat and corn, have increased as drought or floods in other parts of the world reduced yields, he said.

U.S. agricultural exports are expected to break the $100 billion mark this year for only the second time ever.

Caterpillar Logistics Services is planning to open a distribution center in Greenwood in December, potentially creating 140 jobs.

Graycor Industrial Constructors is choosing between two Northwest Indiana sites to consolidate some operations.

The Indiana Chamber of Commerce has named Terre Haute Community of the Year.