The Ag Economists’ Monthly Monitor is a gauge of economists’ views on the ag economy. While outlooks have grown weaker, it’s the erosion in the future outlook that is sprouting fresh concerns.
Ag economists’ views on the ag economy took a dive in the first Ag Economists’ Monthly Monitor of 2024; however, relatively strong balance sheets and working capital could provide a cushion for 2024.
Use the topics and tools included in The DIRTT Project to jump-start the succession planning process for your operation whether you are just beginning or need to get on track.
In their January 2024 land values report, Farmers National Company shared that the sharp increase in farmland values has slowed, and values are holding strong.
From the election to world trade, as well as geopolitical factors that have the potential to shape agriculture in 2024, the December Ag Economists' Monthly Monitor shows the possibility of several economic surprises.
According to Shuring, what may be considered equal doesn’t always make sense when the succession plan involves family members who actively work on the farm, and others who do not.
CoBank has released their 2024 outlook report, which takes a look at the key themes the organization expects to shape agricultural and the rural economy in the coming year.
Farming has run deep in the Moes family roots for the past 130 years. Today, the fourth and fifth generations continue to keep their ancestors’ dreams of farming alive.
Analysts say an initial cut could be made as early as first quarter 2024. One of the key factors the central banking system will consider is whether its inflation rate target of 2% has been achieved.
After two months of a waning outlook on the ag economy, economists views took a turn in the November Ag Economists’ Monthly Monitor, a survey of nearly 70 ag economists from across the country.
The debate over immigration continues to be an issue in Washington. However, the Ag Economists' Monthly Monitor shows economists are still skeptical it's enough for Congress to act on immigration reform.
Though inflation is currently high, Indiana ag lender Joe Kessie doesn’t expect a repeat of what he experienced in his early career for three main reasons.
Leading financial experts underscore the importance of farmers understanding the do’s and don’ts of a Line of Credit that will help producers during the downside of the rollercoaster markets they have gotten to know.
Farmers are opting to tap into their savings from recent prosperous years instead of taking out loans at the highest interest rates since 2007, according to surveys conducted by regional Federal Reserve banks.
While ag economists continue to be at odds when it comes to the likelihood of a recession in the U.S., some doubt the country's biggest importers will be able to avoid a recession over the next 18 months.
Ag economists’ view on the ag economy is starting to erode. The September Ag Economists’ Monthly Monitor shows lower commodity prices, concerns about demand and a negative outlook for China’s economy.
Mortgage interest rates just hit a twenty-year high, topping 7%. High borrowing costs will slowly dampen farmer demand for acres as record land prices mean all but a few will have to borrow some to buy.
China's GDP growth could possibly drop lower than the U.S. this year. In fact, fewer and fewer sectors are healthy, and only then by direct government intervention.
“There are some things that we've adopted over the years that really aren't particularly useful and I think in some cases even detrimental to our performance,” says Dave Mitchell.
“If I were picking both from a financial and an emotional perspective, the next place I could put a dollar, I still would favor farmland pretty highly,” Bruce Sherrick says.
“Most farms don’t have the time, capabilities, perspectives, resources or desire to do all the tasks it takes to run an operation," says Steve Kluemper, AgriStrategies LLC founder. "A lot of growers hire to fill gaps."
A mid-year report from Farmers National shows land values are increasing by single digits instead of the double digits common in 2021-22. But the company says it has a strong roster of listings headed into late summer.
The food system is being reimagined today and farmers can benefit by thinking about how to improve their ability to take advantage of opportunities in the process, says Rob Dongoski with Ernst and Young.
Rich Redmond has created a no-nonsense system to supercharge your personal and professional life, whether you are a farmer or the drummer for Jason Aldean.
While the fall of Silicon Valley Bank and Signature Bank is unique, the situation does provide lessons for farmer's financial management and risk management.
On a high-tech Georgia dairy farm leading 170 employees, you’ll find a farmer with no dairy in his DNA. Nevertheless, Pete Gelber is a dairy farmer who offers a unique perspective on succession planning.
