Farm commodity prices have tumbled from the peak levels they rose to during spring 2022, and new projections suggest that downward pressure on prices could continue throughout 2024 and beyond. The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri recently released its annual agricultural market baseline outlook (.pdf) The outlook provides projections for agricultural and biofuel …
FAPRI Releases U.S. Baseline Outlook
The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri released its annual U.S. Baseline Outlook report. It includes projections for agricultural and biofuel markets and helps in evaluating alternative scenarios for agricultural policy. “Projected prices for most crops, poultry, and dairy products all retreat in 2023 from recent peaks, and so do some production expenses,” says …