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Shining Light on Farm & Food Policy for 20 Years.
Monday, November 18, 2024
Farmer sentiment about the ag economy has reached its lowest level in eight years, according to the latest Ag Economy Barometer from Purdue University and the CME Group.
USDA is projecting corn and soybean yields at record highs this year and has sharply raised its forecast for both soybean production and ending stocks, prompting another drop on the futures markets Monday.
House Democrats plotted their next steps on the farm bill after meeting Thursday to debate a brief summary of the latest GOP proposal for the legislation.
The nation’s producers are feeling a little better about the state of farm finances but are still a little worried about the prices they’ll receive for their commodities, and those they will have to pay for important inputs in the next year.
Farmers' outlook improved modestly last month ahead of the Russian invasion of Ukraine, but growers remain worried about soaring input costs, according to a monthly survey.
Global demand for grain and protein is expected to remain strong going into 2022, according to several ag economists. But there are several challenges ahead including inflation, skyrocketing input prices, supply chain disruptions and uncertainty over agricultural trade.
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The nation’s producers are at their most optimistic since the onset of the COVID-19 pandemic earlier this year based on improved expectations for commodity prices and U.S. agricultural trade.
