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Balanced Reporting. Trusted Insights.
Wednesday, April 09, 2025
USDA lowered its forecasts for the soybean and corn harvests based on the latest conditions, but the cuts weren’t enough to raise the department’s price estimates for this year’s crops. The FAO Food Price Index hit 127.4 points last month, 2% above September and 5.5% above the level a year ago.
The softening in grain markets that is pressuring row crop farmers has brought some welcome relief to dairy producers, but the outbreak of highly pathogenic avian influenza on dairy farms continues to weigh on the sector.
Ag real estate values in the area covered by the Kansas City Fed stayed strong through the end of 2023, according to the latest survey of bankers in the area covered by the Tenth Federal Reserve District.
While some farmers are likely to see negative net cash farm incomes this year, many should have cash reserves from strong recent years to help carry them forward, a top ag economist says.