The farm economy has several challenges ahead. Economists with Ag Economic Insights say tight margins are likely to continue and warn it will take some cost cutting to find profitability again.
“At this point, it’s a little unclear how much of the cost cutting is going to come out of the variable cost, the things that e get price sheets for, how much of it’s going to come out of the things that we do around the home, homesteading our family living, or machinery, or cash rents in our farmland values,” said David Widmar.
While there is likely a rocky road ahead, farmer sentiment is up. Economists with Purdue University say the Ag Economy Barometer rose 11 points last month. However, the report showed little change in how producers feel about the future prospects.
AgriSafe explains how recognizing changes in behavior can help identify someone who may be struggling.
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Farmers and their families can receive up to eight sessions at no cost.
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BASF urges potato and soybean growers to stay ahead of white mold, a disease that can persist in fields, threaten crop performance, and must be managed quickly.
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Molecular markers are helping speed up breeding for more effective pest resistance.
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According to the Arkansas Farm Bureau, the rice harvest is progressing across the state after an uneven start in some rice fields this season.
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Producers remain mindful of weather as Texas cotton harvest continues.
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