The Federal Reserve Bank of Kansas City released two interesting reports this month that provide timely insights into the U.S. agricultural economy. The first report took a closer look at crop inventories and agricultural finance, while the second update included recent analysis on farm lending. Meanwhile, a front page article in Friday's Wall Street Journal highlighted issues associated with America's agricultural export competitiveness in the global market.
On Wednesday, the Federal Reserve Board released its April 2017 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.
Recall that a FarmPolicyNews update last week noted that a trade dispute with Canada over dairy policies related to ultra-filtered milk is adversely impacting some dairy farms in Wisconsin, Minnesota, and New York, and some of these dairy farms could be forced out of business as a result. Today's update highlights additional news developments on the Canadian dairy dispute, including remarks on the issue from President Trump, as well as concerns the U.S. dairy sector has with exports to Mexico.
Many agricultural producers have expressed concern over the direction of executive branch trade policy since January. These apprehensions may not be universally shared in all quarters of Rural America; however, tariffs and other trade restrictions are important considerations for U.S. agriculture. Today's update looks at recent news items on trade, with a focus on corn exports, ethanol byproducts and beef.
In a front page article last week at the Milwaukee Journal-Sentinel, Rick Barrett reported that, "Dairy farms in Wisconsin and other states could be forced out of business as early as May because of a trade dispute that has halted the export of their milk to Canada."
As global commodity markets cope with abundant stocks of corn, soybeans and wheat, export competitiveness has become increasingly important for U.S. farmers. Today's update takes a closer look at these issues with particular focus on trade developments with China and Mexico.
Today’s update summarizes recent news items relating to important components of the U.S. farm economy including farmland values, farm income and trade issues with China.
The House Ag Committee's Subcommittee on General Farm Commodities and Risk Management held its second policy related Farm Bill hearing on Tuesday, as lawmakers continue their examination of agricultural programs in advance of the next Farm Bill. Following a farm policy related hearing last week that focused mostly on perspectives from corn, soybean and wheat growers, lawmakers on Tuesday heard perspectives from representatives of the cotton, rice, peanut, sunflower and sugar industries. Today's update focuses on the cotton issues that were discussed on Tuesday.
Today's update examines recent news articles that address issues associated with NAFTA and U.S. corn exports to Mexico. As the future direction of executive branch trade policy continues to evolve, this uncertainty is potentially weighing on agricultural markets.
Today's update looks at a variety of information sources that highlight recent developments relating to the U.S. farm economy, including variables associated with farmland values, agricultural prices, and farm income.