The University of Missouri’s Food and Agricultural Policy Research Institute released its 2023 U.S. Agricultural Markets Outlook and overall, they predict prices for producers will decline.
The group says that if weather conditions allow crop yields to return to normal, prices for corn, soybeans, wheat, and cotton will all go down. Most livestock prices are projected to fall as well, with the exception of cattle as herds are still heavily impacted by drought.
However, FAPRI does expect a smaller increase in input costs this year compared to last which will help producers.
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