Kansas City

Super Bowl 57 is this Sunday, and while many things can affect the outcome of the game, one thing for certain; we Americans love chicken wings during the big game.  The National Chicken Council released its annual Chicken Wing Report, projecting Americans will eat a record-breaking 1.45 billio...

The American Farm Bureau Federation expects a major hearing on the Federal Milk Marketing Order this year.  The Federation recently set its policy priorities for the year, at the 2023 AFBF Annual Convention.  The Farm Bureau was armed with the outcome of the AFBF Federal Milk Marketing Order Forum that took place last fall in Kansas City, MO.  AFBF Economist Da...

Farm loan interest rates increased sharply during the third quarter.  The Federal Reserve Bank of Kansas City said despite the high borrowing costs, farm real estate values continued higher.  However, the rate of increase slowed in the quarter.   Follo...

The Federal Reserve recently released its October 2022 Beige Book, which provides as update on current conditions in the agricultural economy.   Ag conditions in the sixth district near Atlanta were mixed as cotton growers noted softening demand, while row crop production remained sold.  in...

Strong agricultural prices continue to support the farm economy, but the rapid rise in production expenses could pressure profit margins.  That’s pushing the demand for farm financing higher.  Larger-sized operating loans are continuing to boost farm lending activity.  The Kansas City Fed sai...

The American Farm Bureau Federation is celebrating a successful Federal Milk Marketing Order Forum held over the weekend in Kansas City, MO.  The National Milk Producers Federation, dairy cooperatives, processors, state dairy associations and dairy farmers joined AFBF for the event.  The thr...

The agricultural economy is still quite strong in 2022, but how long will it last?  Nate Kaufman, vice president and Omaha bank executive for the Federal Reserve Bank of Kansas City, said farm incomes are still in good shape.   “Economic conditions in agriculture are remarkably strong.  And I want to star...

The Kansas City Fed says agricultural credit conditions remained strong in the second quarter, but slower improvement is expected during the months ahead.  Those bankers who responded to the Federal Reserve Survey of Agricultural Credit Conditions said farm income continued to increase.  However...

Consumer prices for cereal products as measured by the Consumer Price Index rose about 11% from January through June of 2022 compared to the same time last year.  It’s the largest year-over-year increase during those six months since 1981.  The USDA...

Farm real estate debt at commercial banks grew modestly in the first quarter, while production loans remained steady. The Kansas City Federal Reserve Bank said 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 ...