Low prices could stick around for the next few years. Researchers at the University of Missouri say large global stocks are helping suppress prices across the board.
“Yeah, we’ve had a lot of supplies globally right now. And unless there’s something, a big change of the demand side of the picture, ordinary weather conditions around the world the next several years would lead to continue large supplies. Obviously, we’re going to have some weather shocks the like in the near term, so we don’t know which year will be a good year, which will be might be a bad year. On average, we think current prices are more or less reflective of the current market situation,” said Dr. Pat Westhoff.
Westhoff says considering the current situation, there is not real need for farmers to consider acreage shifts for next year.
Jonathan Braley joins us to discuss rising cybersecurity threats in agriculture, the risks of ransomware attacks, and how Food and Ag-ISAC’s new guide can help businesses better protect themselves.
ASFMRA’s Skye Root joins us to discuss shifts in Western farmland markets, financial pressures facing producers, and the outside forces influencing land values and decision-making.
Culver’s is holding its annual “Scoops of Thanks Day” event, offering a scoop of frozen custard in exchange for a $1 donation supporting agricultural education.
Industry leaders say overseas markets remain critical as USDA pushes for broader export opportunities.
CME Group’s Fred Seamon joins us to break down the drop in farmer sentiment, discuss the role of input costs and global factors, and share his outlook for the ag economy ahead.
The new initiative is helping agricultural leaders strengthen their advocacy and leadership skills.
