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 prospective tariff war, which they say is “being downplayed despite published research measuring the expected damage range.”  They’re also looking at farmer attitudes toward non-traditional land uses, including CRP, solar, and other forms that help boost their incomes.  

 

Also, in 2025, there’s a chance that cash rent prices may stay constant despite a downturn in crop prices.  Farm incomes vary greatly by region, and the economists say Southern farmers are really struggling.

 

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