outlook

Agri View: Outlook for 2017

  Everett Griner talks about the outlook for 2017 and what needs to happen for producers in today’s Agri View.   Well 2013 was the last good year for agriculture as a whole. Farm commodity prices were mostly good back then. But here is something to keep in mind now. When crop prices go up, so does the cost of …

Rural Mainstreet Index Improving

Rural Mainstreet Climbs to Highest Level Since September 2015: But Only 15 Percent Report Expanding Economy February Survey Results at a Glance: * The overall index, while remaining below growth neutral, rose to its highest level since September 2015. * More than one-third of bank CEOs reported their local economy remains in an economic downturn.  Only 14.9 percent of bankers indicated their local …

NCC Releases Economic Outlook

Demand Growth, China’s Reserve Auctions and Global Supply Response Hold Keys for the Coming Year National Cotton Council economists point to a number of key questions that will shape the 2017 economic outlook for the U.S. cotton industry. In recent months, cotton prices have maintained a stronger appearance despite: 1) concerns about world demand, 2) Chinese imports below historical levels, 3) …

Net Farm Income Expected to Dip further in 2017

Highlights From the February 2017 Farm Income Forecast Farm sector profitability measures are mixed for 2017. A narrow cash-based measure, net cash farm income, is forecast to rise by $1.6 billion to $93.5 billion from the 2016 value, an increase of 1.8 percent. In contrast, net farm income is forecast to decline by 8.7 percent to $62.3 billion, the fourth …

Inflation Up, Food Prices Unchanged

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 …