Rural towns across the U.S. have seen sluggish economies over the last year, with plenty of ups and downs.
Fed Chair Jerome Powell acknowledged a decline in sentiment but assures everyone the economy is on the right track.
“The economy seems to be healthy. We understand that sentiment is quite negative at this time, and that probably has to do with turmoil at the beginning of an Administration that’s making big changes in areas of policy. That’s probably part of it. I do think the underlying unhappiness people have about the economy, though, is more of the price level.”
This week, Powell announced interest rates would be holding steady for now. Inflation reports earlier this month showed promising news. Both measures of inflation came in below analyst expectations, and despite those signs, inputs are expected to remain elevated this year.
USDA Conservation Secretary Richard Fordyce says enhanced risk management tools are helping farmers strengthen their safety net.
Farm CPA Paul Neiffer provides clarity on USDA’s updated payment limitation and eligibility rules, changes affecting pass-through entities, and implementation timelines for producers.
The American Farm Bureau Federation says higher grocery prices are not translating into a larger share of the food dollar for farmers.
The trend could reshape cotton demand as manufacturers rely less on U.S. buyers and build sales channels elsewhere.
Industry experts say land values have remained resilient, but fertilizer costs and geopolitical uncertainty continue to challenge producers.
American Soybean Association’s Jamie Beyer joins us to discuss USMCA, soybean trade stability, export market challenges, and the outlook for U.S. agriculture ahead of the upcoming review.
