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The new numbers show that net farm income will fall $6.5 billion or 4.4%. This is compared to projections released in February suggesting it would fall 26%.
Agriculture can sometimes act as a buffer during broader economic recessions, as demand for essential food items tends to remain relatively stable. However, when multiple indicators align in the industry, it can signal a recession.
Purdue University’s Center for Food and Agricultural Business has released a new study that takes a dissects the interactions between farmers and ag professionals.
There’s a big crop in the field for many Midwest growers, and it requires fuel. N supplies ears with the energy they need to add kernels all the way to their tips and to pack on weight.
Jim Rothermich of Iowa Appraisal joins the Top Producer podcast to share what he’s tracking in farmland auctions.
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Caught in a web of decreasing commodity prices, increased production costs, rising land values, and inflationary economic impacts, it’s no wonder some farmers feel a bit stuck.