recession

The majority of agricultural economists in the latest Monthly Monitor say U.S. ag ended 2024 in a recession.  Farm Journal’s AgWeb.com says 56% of ag economists responded “yes” to the question of a recession.  The newest Monthly Monitor asked economists what they’ll be watching for in the new year.  One of the biggest is the potential of a ...

Canadian reaction to the news that Donald Trump will return to the White House has been mixed.  Certainly, the president-elect’s protectionist stance is casting a spotlight on what effects his return will have on Canadian-American economic ties.  Prime Mi...

Is U.S. agriculture in a recession?  At least one economist thinks so.   Dr. Ernie Goss, a Creighton University professor, said your perspective depends on what sector of agriculture and the overall economy you’re discussing.   “We are in ...

Over half of the 70 ag economists surveyed in Farm Journal’s Monthly Survey of Ag Economists believe the U.S. agriculture economy is in a recession.  And 75% of the remaining economists believe the Ag economy is on the brink of a recession.  The number of...

Oil prices giving up some of the gains that were made last week, trading slightly lower, just below $80 per barrel in Monday’s action.  Patrick DeHaan with GasBuddy said the Chinese economy is tamping down on those prices, after last week’s mini rally.  DeHaan noted that c...

According to the National Milk Producers Federation and U.S. Dairy Export Council, the record milk prices reported in 2022 likely won’t repeat themselves this year, as production increases and consumers grapple with an economic slowdown.  Mem...

Recession fears dominated the headlines out of the World Economic Forum's meeting in Davos.  Those headlines continue to chip away at the optimism that stoked the market last week on prospects that fuel demand would increase in China.  The U.S...

Look at the USDA’s numbers, and you’ll see that 2022 was far and away a record net farm income year.  But the question on the minds of many in farm county is: will 2023 be a better year?   USDA Chief Economist Seth Meyer says the odds are against that happening for a couple of reasons.  First, as he put it, 202...

Oil prices fell on Monday, paring gains after rising to more than two-month highs, on mixed signals over China, the world's top crude importer, potentially relaxing its strict COVID-19 restrictions.  West Texas crude dropped to $91 per barrel at Monday’s close, after jumping up to over $93 at one point Monday; the highest West Texas price we’ve seen since August 30th.   Prices climb...

Dairy farmers are not looking to expand much right now, given the current market conditions.   “Obviously, feed costs and overall input costs and you can throw labor in there and the whole kit and caboodle," said Mike North with the Ag Risk Management Company Ever.Ag.  "That ulti...