Tag "ag economy"
A news release last week from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri indicated that, “The latest analysis of national and global agricultural trends from the University of Missouri indicates continued financial pressure on United
Last week, the Federal Reserve Board released its February ’17 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the U.S. agricultural economy. * Fifth District- Richmond– “Agriculture
Following three months of strong gains, the Purdue/CME Group Ag Economy Barometer shifted course during February, declining to a reading of 134 compared to 153 a month earlier. Although the Barometer–a measure of producer sentiment based on a monthly survey
The total economic impact of Texas agricultural export trade to Canada and Mexico totaled more than $3.3 billion in 2016 and supported 18,674 jobs, according to research conducted by the Center for North American Studies at Texas A&M University. Center
Speaking yesterday at USDA’s Agricultural Outlook Forum in Arlington, Virginia, USDA Chief Economist Robert C. Johansson provided a broad outlook for U.S. agriculture. Today’s update provides an overview of key aspects of Dr. Johansson’s presentation. Farm Economics In his speech
Economists painted a gray outlook for the farm economy and called for a stronger federal safety during a congressional hearing meant to set the stage for drafting a new farm bill. Economists from USDA, the Kansas City Federal Reserve, Texas
A majority of representative farms in major U.S. production regions used to project future farm financial conditions would face serious cash flow shortfalls based on 2016 crop prices, a Texas A&M AgriLife Extension Service economist told members of the U.S.
2017 Farm Sector Income Forecast, USDA-ERS Jesse Newman reported yesterday at The Wall Street Journal Online that, “U.S. farm incomes will drop 8.7% in 2017, a fourth consecutive year of declines amid a deep slump in prices for many crops.
The dramatic improvement in ag producers’ sentiment that started following the November election continued into the new year. The Purdue/CME Group Ag Economy Barometer–based on a monthly survey of 400 agricultural producers from across the U.S.–reached 153 in January 2017,
A complex mix of agricultural economic variables help form the basis of what farmers and ranchers consider essential policy priorities. As Farm Bill conversations have already begun, today’s update looks very briefly at several issues such as farm lending, production