agricultural economy

Financial Times writer Susannah Savage reported yesterday that, "The price of corn has tumbled to a three-year low as supplies from the US and Brazil surge while demand stagnates, helping…

"The USDA’s Economic Research Service (ERS) indicated on Thursday that, "Farm sector income is forecast to fall in 2023 after reaching record highs in 2022. Net farm income, a broad…

New York Times writers Max Bearak, Dionne Searcey and Mira Rojanasakul reported yesterday that, "Vast stretches of America are dominated by corn, nearly 100 million acres of it, stretching from…

DTN writer Russ Quinn reported last week that, "Retail fertilizer prices saw mixed moves again during the second week of November 2023, according to sellers surveyed by DTN."

In an article last week from the Federal Reserve Bank of Minneapolis, “Farm incomes fell going into harvest, but finances remained solid,” Joe Mahon pointed out that, "Farmers always have a…

Bloomberg writers Clarice Couto, Tarso Veloso, and Michael Hirtzer reported late last week that, "Parched fields and scorching heat have delayed soybean planting in the world’s biggest grower, imperiling the…

Nate Kauffman and Ty Kreitman, writing in last week’s Ag Credit Survey from the Kansas City Fed, noted that, "Farm income and producer liquidity cooled in recent months alongside lower…

Last week, in its Third Quarter 2023 Ag Bulletin, the Federal Reserve Bank of Kansas City indicated that, "The U.S. agricultural economy softened in the third quarter alongside a drop in…

On Thursday, in the Federal Reserve Bank of Chicago’s quarterly AgLetter, David Oppedahl explained that, "The District had a year-over-year gain of only 5 percent in its agricultural land values in…

Bloomberg writer Kim Chipman reported on Friday that, "Corn futures extended losses, trading near a three-year low, on forecasts that the US farmers will collect a record harvest this season."

Reuters writer Tom Polansek reported yesterday that, "U.S. farmers will produce a record corn crop this year, the government said on Thursday, sending futures prices to a three-year low."

Earlier this week, the U.S. Department of Agriculture released the U.S. focused portion of its upcoming Agricultural Projections to 2033 report.  The full report is due to be released in…

Reuters writer Nigel Hunt reported on Friday that, "The United Nations food agency's world price index fell in October to its lowest level in more than two years, driven by…

DTN writer Russ Quinn reported earlier this week that, "Average retail prices for all but one fertilizer were higher during the third week of October 2023 compared to last month,…

DTN writer Katie Micik Dehlinger reported yesterday that, "The average daily close of the December corn futures contract was $4.88 during October, while the November soybean contract was $12.84 per…

DTN writer Todd Neeley reported yesterday that, "Retail prices of all eight major fertilizers continued to climb in the third week of October, with anhydrous leading the way while farmers…

Donnelle Eller reported on the front page of Tuesday's Des Moines Register that, "Following two years of record highs, Iowa farmland values have plateaued: Rising interest rates, declining profits and…

In an update late last week from the Federal Reserve Bank of Kansas City ("Smaller Operating Loans Slow Lending Activity"), Nate Kauffman and Ty Kreitman indicated that, "Farm lending activity…

On Wednesday, the Federal Reserve Board released its October 2023 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…

Reuters writer Karl Plume reported yesterday that, "Low water levels on the lower Mississippi River are likely to persist through at least January despite expected above-normal precipitation across the southern…