recession

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...

Year-over-year consumer inflation in July was 8.5%, down from the 9.1% we saw in June.  The month-over-month inflation was 0%, though that was largely the result of a 4.6% drop in energy prices.  Food prices reported a nearly 11% year over year increase in July, with a 1% month-over-month jump.   ...

When it comes to the overall farm economy, a Federal Reserve official recently told Congress he anticipates a slowdown later this year or early next.  Kansas City Federal Reserve Bank Vice-President Nathan Kauffman told House Ag lawmakers that farm credit conditions have strengthened over the past two years thanks to rising commodity prices and land values.  But the...

Creighton University’s June Rural Mainstreet Index sank into negative territory for the first time since September 2020.  Dr. Ernie Goss is co-creator of the RMI. “Inflation is a really big concern, of course, with the accompanying interest rate hikes. The Federal Reserve,...

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 i...

A new economic analysis says crop and livestock farmers are in for much lower incomes in 2020. A DTN report says crop farmers are projected to see an $11.85 billion in revenue during 2020, while livestock farmers are projected to drop a combined $20 ...

Trade war worries sent Wall Street retreating Monday as some experts fear the rest of the U.S. could join agriculture in a depressed economy.  Experts from Morgan Stanley predict a global recession if the trade war escalates through Trump's threatened additional 25% tariffs on China.  Tr...

One thing many in the Ag industry remember about former President George H. W. Bush was that he was a staunch supporter, and took great interest in farmers.  Back in April 1989, Americans farmers were still reeling from the 1980's financial crisis, add on top of that a historic drought in 1988.  ...