Items Tagged with 'ag economy'

The latest “Feeding the Economy” report shows that the food and agriculture sector was responsible in 2023 for $9.6 trillion of U.S. economic activity – $1 trillion more than in 2022.

The latest Ag Economy Barometer reading moved a mere one point from its previous figure, but year-over-year comparisons offer a clearer picture of what farmers are thinking entering 2024.

A monthly measurement of how farmers and ranchers feel about the ag economy went up slightly in January as producers say they’re feeling better about their future expectations.

A monthly survey of how farmers and ranchers view the rural economy was unchanged in November as producers digested the results of the midterm elections.

In this opinion piece, Senator John Boozman, R-Ark., discusses inflation driving up input costs for producers.

A measure of the state of mind in farm country is at its lowest point since July 2020 as producers report less optimism about their current and future circumstances and signal concerns about the impact of inflation on their operations.

Farmers' financial earnings are expected to increase this year, but fewer government payments and increased production costs will likely offset higher cash receipts, USDA's Economic Research Service said Thursday in its Farm Sector Income forecast.

Producers in the central United States are being buoyed by a recent uptick in commodity prices and a swell of government payments, the Federal Reserve Bank of Kansas City noted in a quarterly report Thursday, but some bankers are still worried.

After a major decline in August, the Ag Economy Barometer declined again in September as producers “were noticeably more pessimistic about current conditions on their farms and in the U.S. economy.”