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Below you'll find a list of all posts that have been categorized as “Economy”
Russia, China, North Korea, and Iran would be banned from owning U.S. agricultural land under legislation just advanced by a House panel. It was the second try for House appropriators after they failed last year to get the Senate to agree to a ban on foreign ownership of U.S. ag land for the key U.S. foes in the annual USDA …
Rural bankers say they anticipate a U.S. recession, according to the latest Creighton University Rural Mainstreet Index. The region’s overall reading for June slumped to 49.8, its lowest level since September 2020, and down from May’s 57.7. The index ranges between 0 and 100, with a reading of 50.0 representing growth neutral. Approximately 92.9 percent of rural bankers surveyed rate …
Russia’s war against Ukraine is hitting Americans in the pocketbook and many overseas in the stomach. From soaring food costs to skyrocketing fuel prices, the war in Ukraine is taking a painful toll at home and abroad. Ukrainian grain exports have collapsed, and Western sanctions limit Russian oil and fertilizer exports. Experts say all of this makes U.S. and European …
South Korea is the latest country to suspend import duties on pork and other food items in an effort to combat inflation. They join Mexico, the Philippines, Taiwan, Vietnam and Brazil in reducing or eliminating tariffs on certain food items to lower consumer prices. And while these tariff reductions sometimes benefit global competitors more than U.S. red meat, the overall …
Fears about inflation and a possible recession continue to affect the markets, including agriculture. Mark Oppold has more details.
U.S. tractor and combine monthly unit sales in May 2022 fell below the five-year average for the first time since March 2020. The monthly data, released last week by the Association of Equipment Manufacturers (AEM), shows U.S. total farm tractor sales fell 14.5 percent for the month of May compared to 2021, and U.S. combine sales for the month declined …
We told you last week that stronger land prices during late 2021 continued higher through the first five months of this year. That was partially helped by investors looking for a low-risk inflation hedging investment. And Mark Oppold reports wealthy investors are turning to farm and ranch land. According to Farmers National Company, prices for good quality cropland are up 20 …
The stronger land prices of late 2021 continued higher through the first five months of 2022. After a calm period at the start of the year with prices steady, prices took another jump up as a result of the outbreak of war in Ukraine and ongoing inflation fears. Farmers saw higher commodity prices, and investors wanted a low-risk inflation hedging …
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 …
