Quick Take: Farmland Values
Today’s update looks at a variety of information sources that highlight recent developments relating to farmland values, with particular focus on Illinois, Iowa and the States in the Minneapolis Federal Reserve…
Federal Reserve: Observations on the Ag Economy- August 2018
On Wednesday, the Federal Reserve Board released its August 2018 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…
FAPRI 2018 August Baseline Update for U.S. Agricultural Markets
The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri recently released its latest baseline update for U.S. agricultural markets. Today’s post summarizes highlights from the August FAPRI…
FSA Administrator Highlights Market Facilitation Program; Chinese Ag Imports Projected to Decrease
The Administrator of USDA's Farm Service Agency (FSA), Richard Fordyce, was a guest on Friday’s “Adams on Agriculture” radio program with Mike Adams, where he discussed details of the new Market Facilitation…
Farm Income: USDA Forecast for 2018 and First Estimates for 2017
The U.S. Department of Agriculture's Economic Research Service (ERS) indicated on Thursday that, "Net farm income, a broad measure of profits, is forecast to decrease $9.8 billion (13.0 percent) from…
European Drought Impacting Production, Potential Opportunities for U.S. Farmers
Reuters writer Gus Trompiz reported on Wednesday that, "European farmers are counting the cost of a summer heatwave that has shrunk cereal harvests and shriveled pastures, leaving some farms struggling…
Drought Takes Toll on EU and Australian Wheat Production
In its August Grain: World Markets and Trade report on Friday, USDA's Foreign Agricultural Service (FAS) stated that, "Combined wheat production in the European Union, Russia, and Ukraine is forecast down…
Abundant Supply, Lower Prices and Trade Issues- Focus on Soybeans
The U.S. Department of Agriculture painted a clearer picture of soybean and corn production prospects for this year's harvest on Friday. In addition, recent USDA trade data, along with business…
Federal Reserve Ag Credit Surveys- 2018 Second Quarter Farm Economy Conditions in the Midwest
On Thursday, the Federal Reserve Banks of Chicago, St. Louis and Kansas City released updates regarding farm income, farmland values and agricultural credit conditions from the second quarter of 2018. Recall…
Wheat: Heat Wave Impacting Outlook, Prices
Last week, Financial Times writer Emiko Terazono reported that, "The wheat market is feeling the heat, with key global producers sweating over a drought that has curbed output. After several…
USDA-NASS Updates Provide Snapshot of Farm Economy Variables
On Thursday, USDA’s National Agricultural Statistics Service (NASS) released three updates that provide current insight into the state of the U.S. agricultural economy. The releases focused on land values, cash…
Secretary Perdue Discusses Trade Aid, while Trade Talks with China Show Little Progress
Reuters writer Hugh Bronstein reported on Saturday that, "U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, U.S. Agriculture Secretary Sonny Perdue…
Kansas City Fed Examines Second Quarter Farm Lending
An update on Friday from the Federal Reserve Bank of Kansas City ("Large Loans for Livestock Drive Uptick in Farm Lending,” by Cortney Cowley and Ty Kreitman) stated that, "Farm…
Federal Reserve: Observations on the Ag Economy- July 2018
On Wednesday, the Federal Reserve Board released its July 2018 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…
Summary of ERS Report on International Food Security
Late last month, the U.S. Department of Agriculture's Economic Research Service (ERS) released its latest report (“International Food Security Assessment, 2018-2028) in a continuous series of updates begun in the…
Producers Express Concern in the Midst of Price Turmoil, While ERS Looks at Farm Sector Financial Health
Financial Times writer Gregory Meyer reported on Monday that, "US soyabean futures have tumbled to the lowest price in nine years as the market succumbs to healthy growing conditions and…
Ag Economy: Land Values and Farm Income Considerations
Today's update looks briefly at recent reports from the Federal Reserve Bank of Dallas and the University of Nebraska at Lincoln that shed light on trends in farmland values. Also,…
Corn Belt Farmers Uneasy Over Potential Policy Impacts
Donnelle Eller reported on the front page of Tuesday's Des Moines Register that, "Iowa farmers, battling too much rain, cold — and even snow — this planting season, have a new…
Federal Reserve: Observations on the Ag Economy- May ’18
On Wednesday, the Federal Reserve Board released its May 2018 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…
As House Considers Farm Bill, Lower Farm Income Persists, While Drought Impacts Southern Plains
As the House of Representatives works on passing its version of the Farm Bill this week, a report yesterday from the Kansas City Fed noted that, "bankers in the Tenth…