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Articles tagged under: Wells Fargo

Wells Fargo Releases Economic Outlook

Published June 17, 2025

According to the Wells Fargo Investment Institute Midyear Outlook, global farm commodity supplies remain sizable. Retaliatory tariffs are also seen as negative for the ag sector. The report states that tariffs create short-term inflationary pressure, and the Fed is expected…
Latest NewsAg Business

Well Grounded – Episode 14

Published August 12, 2022

What's the impact of Inflation on farmland values? Hear from Wells Fargo Ag Economist Michael Swanson in the latest episode. This monthly podcast series is hosted by Jayson Menke of Acres & Shares and Red River Farm Network’s Randy Koenen.
Top StoriesLatest NewsAg Business

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…
Top StoriesLatest NewsAg Business

Discipline Needed When Renting Farm Ground

Published February 10, 2022

Land rents remain one of the top expenses for farmers. "Between 30 and 33 percent of corn revenue ends up, if you're renting ground, going into the landlord's pocket," said Michael Swanson, chief agricultural economist, Wells Fargo. "If someone in…
Top StoriesLatest NewsAg Business

Higher Commodity Prices Boost Land Values

Published November 23, 2020

An uptick in commodity prices can impact on land values. Wells Fargo Agricultural Economist Michael Swanson says there’s been strong farm real estate pricing in Minnesota. "Between lower financing costs and $11 soybeans, there's a lot of bullishness. Also, any…
Top StoriesLatest NewsAg Business

Swanson: Make Tough Cash Rent Decisions Now

Published September 25, 2020

According to Wells Fargo Agricultural Economist Michael Swanson, the farm balance sheet looks strong on paper, but there is a disconnect between the USDA’s definition of a strong balance sheet and farmer sentiment. "When you look at the levels of…
Top StoriesLatest NewsAg BusinessCrops

A U.S. Recession is Possible

Published March 18, 2020

President Donald Trump told reporters the U.S. could be sliding into a recession. According to Wells Fargo agricultural economist Michael Swanson, there is a risk. The technical definition for a recession is two consecutive quarters of negative growth. "It's very…
Top StoriesLatest NewsMarkets

Ag Banking Layoffs

Published October 29, 2019

Reuters is reporting Wells Fargo has laid off more than 200 bankers in recent months. A large share of those layoffs were in the agriculture business unit. The agriculture group at Wells Fargo reportedly cut 25 percent of its ag…
Latest NewsAg Business

Wells Fargo Announces Agribusiness Group

Published September 6, 2019

Wells Fargo has formed a food, beverage and agribusiness group within its commercial banking division. Jacquie Fredericks will lead the agribusiness division for the central region, which includes Minnesota, North Dakota and South Dakota. Fredericks previously worked for CoBank.
Latest NewsAg Business

Wells Fargo CEO Resigns

Published March 29, 2019

Saying the bank would benefit from a fresh perspective, Wells Fargo CEO Tim Sloan is stepping down. The organization’s general counsel is taking over the job on an interim basis. The American Bankers Association ranks Wells Fargo as the largest…
Latest NewsAg Business

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