Agricultural Economics
Keep a pulse on what’s happening in the world of ag economics right now based on analytic insights from AgAmerica’s economic research team.
Economic growth is expected to slow down over the next two years, with consumer spending likely to decrease as pent-up demand wanes and household debt remains high. Net farm income is forecasted to decline substantially in 2024 due to lower cash receipts, with some commodities impacted more than others. For example, competition from abroad is contributing to decreased crop prices, particularly for corn, wheat, and soybeans. Cattle prices, on the other hand, are expected to remain strong. If you’re anticipating a drop in income this year, we can help. Explore our farmer-focused financing solutions today.
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Land Value in
per acre
