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Below you'll find a list of all posts that have been categorized as “Economy”
The Purdue University-CME Group Ag Economy Barometer plummeted in May to a reading of just 99, the weakest reading since April 2020. The May 2022 barometer reading marked just the ninth time since data collection began in fall 2015 that the overall measure of farmer sentiment fell below 100. Agricultural producers’ perceptions regarding current conditions on their farms, as well …
Farm real estate debt at commercial banks grew modestly in the first quarter, while production loans remained steady. The Kansas City Federal Reserve Bank says alongside soaring farmland values, real estate loan balances increased at the fastest pace in four years and drove an increase in the overall amount of agricultural lending. Following a sharp pullback over the last two …
(WASHINGTON, DC/USDA FSA/June 3, 2022) — This Secretarial natural disaster designation allows the United States Department of Agriculture (USDA) Farm Service Agency (FSA) to extend much-needed emergency credit to producers recovering from natural disasters through emergency loans. Emergency loans can be used to meet various recovery needs including the replacement of essential items such as equipment or livestock, reorganization of a …
(TALLAHASSEE/NSF) — Pointing to a need to further brace the state against a potential recession, Gov. Ron DeSantis issued $3.13 billion in vetoes Thursday as he signed a record $109.9 billion budget for the fiscal year that will begin July 1. Among the large vetoes were $650 million for a new 4,500-bed prison; $195 million for construction of a prison …
Last week, USDA’s Farm Service Agency (FSA) mailed 303,000 pre-filled applications for the Emergency Relief Program (ERP). It’s a new program designed to help agricultural producers impacted by wildfires, droughts, hurricanes, winter storms, and other qualifying natural disasters experienced during calendar years 2020 and 2021. This all stems from legislation that Congress passed, and President Biden signed into law. It’s known as the Extending Government Funding …
When talking markets, many times we hear about the U.S. Consumer Confidence Index (CCI). The survey measures how optimistic or pessimistic consumers are regarding their expected financial situation. And according to Mark Oppold, that index continues to erode. The CCI is based on the premise that if consumers are optimistic, they will spend more and stimulate the economy. But, if they are pessimistic, …
USDA recently announced updates to insurance products starting next crop year designed to give livestock and dairy producers greater flexibilities. Rod Bain has more details.
Agricultural credit conditions improved in the first quarter of 2022, and farm real estate values continued to increase alongside strength in the American farm economy. Following a year of accelerating increases, the value of non-irrigated cropland across much of the country has soared through March of this year. The sharp growth in land values persisted despite a slight increase in …
Farmland values continued to increase at a rapid pace through the end of 2021. Alongside sustained strength in farm income and credit conditions, the Kansas City Fed says the value of all types of farmland was over 20 percent higher than the year before. The recent strength in agricultural real estate markets has been supported by strong demand, historically-low interest …
The National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC) Monday called on the U.S. government to levy retaliatory tariffs on Canada. The call comes after Ottawa made clear that it refuses to meet its signed treaty obligations under the U.S.-Mexico-Canada Agreement (USMCA) concerning dairy market access. In January, a USMCA dispute resolution panel initiated by the …
