Ag Economy

AEM: Combine Sales Growth Continues
AEM: Combine Sales Growth Continues
AEM: Combine Sales Growth Continues
Tractor unit sales in both the U.S. and Canada remain near their five-year average while combine harvesters in both countries continue triple-digit growth.   The latest data from the Association of Equipment Manufacturers released this week shows that overall U.S. a...
Stabilizing Inputs Encouraging Some In Farm Country
Stabilizing Inputs Encouraging Some In Farm Country
Stabilizing Inputs Encouraging Some In Farm Country
Throughout much of 2022 and into this year, much of the financial concern for the ag industry was input costs that were climbing at significant rates.  But now, those concerns don’t seem to be so loud.  The Idaho Cattlemen’s Cameron Mulrony said diesel prices are a great example.   “It seemed to stabiliz...
NASDA Releases Feeding the Economy Report
NASDA Releases Feeding the Economy Report
NASDA Releases Feeding the Economy Report
As part of the National Ag Day Celebration this week, the National Association of State Departments of Agriculture released its annual Feeding the Economy Report.  The data shows food and agriculture industries and their suppliers contribute over $8.6 trillio...
Oil Prices Continue To Drop As Banking Concerns Spread
Oil Prices Continue To Drop As Banking Concerns Spread
Oil Prices Continue To Drop As Banking Concerns Spread
It’s been a downward week for oil prices, with prices dropping roughly $10 per barrel in the past seven days.  West Texas Crude was trading in the mid-$60 range in Monday’s action.  Patrick DeHaan with GasBuddy said last week, oil investors were concerned about the health of the U.S. economy.  He noted that conc...
Ducheneaux USDA Loans Need To Be Easier For Farmers To Get
Ducheneaux USDA Loans Need To Be Easier For Farmers To Get
Ducheneaux USDA Loans Need To Be Easier For Farmers To Get
One of the serious issues for beginning, small, or underserved farmers is the lack of access to credit.  And ask anyone who’s farmed for a while, without credit, it's almost impossible for any farmer to make it.   “This is what I feel like I was brought to the agency for is to help improve access to credit especially to those underserved populations.”   FSA Adminis...
Farmer Sentiment Dropped in February
Farmer Sentiment Dropped in February
Farmer Sentiment Dropped in February
The Purdue University/CME Group Ag Economy Barometer dropped five points to 125 in February.  Farmers’ perspectives regarding both current conditions on their farms and their expectations for the future also weakened during the month.  The Index of ...
USDA March Estimates Show Minor Changes
USDA March Estimates Show Minor Changes
USDA March Estimates Show Minor Changes
USDA’s March crop production reports and supply and demand estimates showed minor changes this week.  The U.S. orange production forecast rose slightly month over month, yet will still be down 25% year over year.    Turning to domestic commodity balance sheets, an upward adjustment in ending stocks for corn led to a decrease of 10 cents to the season ending average price, now at $6.60 a bushel. 

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