Articles tagged under: ag economy
77% of Farm Household Income Comes from Off the Farm
Published April 25, 2025
An American Farm Bureau Federation Market Intel report found most of the U.S. farm household income is from off-farm sources. "Seventy-seven percent of income that farm households receive comes from those off-farm sources, meaning only 23 percent comes from farm-related…Consumer Slowdown Signals Trouble for Ag Economy
Published April 14, 2025
Uncertainty in global trade and falling consumer confidence are warning signs for U.S. agriculture, says Rob Fox, Director of CoBank’s Knowledge Exchange. Declining sentiment is closely linked to reduced consumer spending, a major driver of the overall economy. “When you…ND Agriculture Fuels Economy with $41 Billion Impact
Published February 14, 2025
At a joint North Dakota House and Senate Agriculture Committee hearing, NDSU Vice President of Agriculture Greg Lardy presented the results of a study conducted on the economic contributions of agriculture to the state economy. "North Dakota agriculture contributes over…Farmer Optimism Continues to Rise
Published February 7, 2025
The Purdue University-CME Group Ag Economy Barometer showed farmer sentiment edged higher in January. "Farmers have retained most of the optimism that was generally associated with the fall 2024 election," said Purdue University Extension Economist Jim Mintert. "In September the…Rural Mainstreet Index Dips Below Growth Neutral
Published December 31, 2024
The Rural Mainstreet Index, a key measure of economic health in rural areas across ten states reliant on agriculture and energy, fell sharply in December. The index dropped below its growth-neutral mark for the 11th time this year. Creighton University…Pinched by a High-Interest Environment
Published December 5, 2024
A surplus grain supply is delivering another problem for farmers. "Things like interest rates and inflation just make all of that even more difficult," said John Griffith, executive vice president, CHS. "When you're in a market of oversupply, grain needs…Economic Rebound Still Years Away
Published January 20, 2023
The Juday Group founder and principal Dave Juday addressed the North Dakota Grain Dealers Association this past week. Juday said the economic rebound after COVID will be slow. "The whole shock to the system from energy to transportation is still…A Healthy Farm Economy
Published December 16, 2022
Bell Bank Senior Vice President of Agribusiness Development Lynn Paulson is optimistic about the agricultural economy. "I've been doing this for almost four decades and honestly, this is the healthiest I've ever seen the ag sector financially," said Paulson. "Both…Think Ahead for Next Year
Published July 6, 2022
Strong commodity prices are helping this year, but Wells Fargo Chief Agricultural Economist Michael Swanson reminds farmers to be planning ahead to 2023. "They have the ability to sell ahead when they're buying inputs," says Swanson. The four biggest expenditures…