The optimism for better cattle prices is carrying over into the new year.
Despite recent price declines in the market, the National Cattlemen’s Beef Association says the long-term outlook for cattle prices remains positive. The President of the group tells Brownfield Ag News that it provides a glimmer of hope when farmers are out taking care of their livestock in sub-zero temperatures. It is also creating opportunities for the next generation of agriculture.
NCBA says new farmers have a better chance of getting loans right now due to a more-than-likely positive return on investment.
Related Stories
Bipartisan momentum builds, but final farm policy remains unsettled.
Heavy cattle weights are cushioning beef supplies despite shrinking herd numbers.
Farm bill negotiations remain unsettled, leaving producers waiting for updated federal support programs.
Strong cattle markets are masking ongoing financial stress across crop agriculture.
Purdue University’s Dr. Michael Langemeier discusses the survey’s findings in February and broader signals in the months ahead.
Roger McEowen of Washburn University School of Law joined us to discuss key legal and tax issues ranchers should consider as they recover from recent prairie fires across the Southern Plains.