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.
October 24, 2024 03:16 PM
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Let’s meet Rylee Smith from the Oolaga FFA chapter in Oklahoma, one of this year’s Star finalists in agriscience placement.
October 24, 2024 12:47 PM
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Let’s meet Wylie Schwebach from the Moriarty FFA chapter in New Mexico, one of this year’s Star finalists in agricultural placement.
October 24, 2024 12:31 PM
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National FFA Secretary Grant Northfleet shares his motivation behind a year of service, highlighting the organization’s role in providing students with real success through hard work.
October 24, 2024 12:12 PM
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October 23–26, 2024
October 23, 2024 11:29 AM
The German company Constellr is part of the John Deere Start-Up Collaborator Program in 2024. It plans to launch a geothermal satellite next year that will give farmers and ranchers better tools to monitor surface temperature from space.
October 21, 2024 11:51 AM
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