Ag Producers’ Confidence Surges During January

Dan Economy, Industry News Release

The Ag Economy Barometer continues to show increased producer confidence following the November election. Organized by Purdue University and the CME Group, the monthly survey of 400 agricultural producers from across the U.S. reached 153 in January, 21 points higher than December’s survey and 61 points higher than in October. The increase marks the most positive recorded sentiment by producers …

Florida Agricultural Policy Outlook Conference is Next Week

Randall Aquaculture, Cattle, Citrus, Economy, Education, Environment, Field Crops, Florida, Forestry, Fruits, General, Industry News Release, Labor and Immigration, Livestock, Nursery Crops, Specialty Crops, Technology, Vegetables, Water

Those in agriculture won’t want to miss the Florida Agricultural Policy Outlook Conference coming up next week. University of Florida/IFAS economists and other experts will discuss economic insights helpful for making informed business and policy decisions. The second annual event, organized by the UF/IFAS food and resource economics department, will be held February 9th from 9 a.m. to 4:30 p.m. …

Inflation Up, Food Prices Unchanged

Dan Economy, Industry News Release

Overall inflation over the last 12 months increased 2.1 percent, but food prices remain unchanged. The U.S. Bureau of Labor Statistics’ Consumer Price Index for All Urban Consumers was up .3 percent in December, with gasoline prices up three percent. But the food-at-home index fell 0.2 percent, its eighth consecutive decrease that reflects an overall 0.2 percent decrease over the …

Ag Producer Sentiment Improves in December

Dan Economy, Industry News Release

Producer sentiments took a post-election jump in the month of December. The Purdue University/CME Group Ag Economy Barometer December reading of 132 marked the second straight monthly increase. That’s also the highest level since the survey began in October of 2015. The December mark was 16 points above the November mark and 40 points higher than October. Producers seemed optimistic …

Is 2017 A Turnaround Year For Farmers?

Dan Economy, General

At least one company is predicting 2017 to be something of a turnaround year for farmers. A recent Ag Web Dot Com article said 2017 could see a “global supply pullback” that may give farmers some relief from lower commodity prices. MetLife Agricultural Finance says, “We expect a recovery in 2017 as global consumption rises and corn and soybean supplies …