agricultural economy

In an update last week from the Federal Reserve Bank of Kansas City ("Farm Lending Declines at End of 2019"), Nathan Kauffman stated that, "The volume of agricultural lending at commercial banks remained elevated, but declined for a second consecutive quarter.…

Last week, the Federal Reserve Board released its January 2020 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.

Last week, Financial Times writers Emiko Terazono, Andres Schipani and Jamie Smyth reported that, "China’s African swine fever epidemic has dramatically reshaped the global meat market and its trade patterns in the 18 months since the outbreak was first officially…

Last week, the Federal Reserve Bank of Dallas released its Agricultural Survey for the Fourth Quarter of 2019.

A recent report from USDA's Foreign Agricultural Service (FAS) stated that, "Brazil is forecast to overtake the United States as the leading soybean producer in the world during the 2019/20 season."

News articles continue to point to various market disruptions caused by the ongoing African Swine Fever outbreak in Asia and beyond.  Today's update looks at a few of these items in more detail.

A news release Wednesday from the Center for Agricultural and Rural Development at Iowa State University and Iowa State University Extension and Outreach indicated that, "It’s been a difficult year for farmers—the planting season saw an overabundance of rain and…

Bloomberg News reported last week that, "China’s hog population has stopped shrinking and is starting to rise, after months of decline because of African swine fever, and the recovery should keep pork prices in check, a senior agriculture ministry official…

The USDA's Economic Research Service (ERS) indicated on Wednesday that, "Net farm income, a broad measure of profits, is forecast to increase $8.5 billion (10.2 percent) from 2018 to $92.5 billion in 2019. Net cash farm income is forecast to…

Last week, the Federal Reserve Board released its November 2019 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.

Earlier this month, in its monthly Livestock, Dairy and Poultry Outlook, USDA's Economic Research Service (ERS) explained that, "U.S. trade data through September indicate that in the first three quarters of 2019 total exports of red meat and poultry increased…

DTN writer Russ Quinn reported on Friday that, "As if the 2019 growing season didn't have enough weather challenges, corn harvest has come to a complete halt for some farmers as propane for crop drying has been hard to secure.…

Last week, the Federal Reserve Banks of Chicago, St. Louis, Kansas City and Minneapolis released updates regarding farm income, farmland values and agricultural credit conditions from the third quarter of 2019.  And earlier this year, the Federal Reserve Bank of Dallas released…

Grace Zaplatynsky reported on Friday at the Globe Gazette (Mason City, Iowa) Online that, "This year has not been the greatest year for farmers with the soaked spring and now the cold and early snow in fall."

Bloomberg News reported last week that, "Tang Jie, who works on a pig farm, says he used to get pork from the wet market near his home every day. But he hasn’t bought any in two months. And his favorite…

Late last month, Des Moines Register writer Donnelle Eller reported that, "Rain has slowed the harvest across the state in recent days. National Weather Service data for Des Moines showed that central Iowa on [October 23rd] matched the October rainfall record…

Last week, the USDA's Economic Research Service (ERS) released a report discussing the USDA's baseline, while the USDA's Office of the Chief Economist (OCE) released selected tables from the Department's Agricultural Projections to 2029. Today’s update highlights aspects from both the…

In an update last week from the Federal Reserve Bank of Kansas City ("Farm Lending Slows but Remains High") Cortney Cowley and Ty Kreitman stated that, "Growth in farm lending activity slowed in the third quarter of 2019;" but, "Despite a…

On Wednesday, the Federal Reserve Board released its October 2019 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.

Late last week, Bloomberg writers Brian K Sullivan and Ashley Robinson reported that, "A large snowfall is set to sweep out of the Rocky Mountains later this week, bringing snow by the foot across the Dakotas, slowing wheat harvests and…