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Shining Light on Farm & Food Policy for 20 Years.
Sunday, October 13, 2024
A hurricane is brewing in the Gulf Coast and political storms are developing as Congress is back to work facing an end of month deadline on a spending plan for the new fiscal year.
Dry weather is a growing headline in Brazil and in the United States. A lack of moisture is preventing planting in the Southern Hemisphere and no rain is reducing water levels in the Mississippi River.
The USDA's Economic Research Service lowered its forecast for U.S. farm income this year. Higher input costs and lower crop commodity prices continue to challenge farmers.
Positive reports from the US economy continue to support a Fed decision to lower interest rates. The question remains how much rates will fall and how fast.