Frontier Farm Credit’s Post

Our economist Matt Erickson discusses the key indicators shaping the Federal Reserve's view on interest rates, inflation, growth and the labor market, including possible impacts to agriculture. 

Want to know more about current and expected market conditions affecting agricultural co-ops? In this 60-minute zoom, Tanner Ehmke, Lead Economist with CoBank, will discuss the issues impacting the macroeconomy, agricultural commodity markets, and the agricultural economy with particular focus on inflation. https://buff.ly/4eqyepq

In this piece co-authored with Uchechukwu Eze, we drew a number of inferences from the recently released July inflation figures, including the impact of base effect and agricultural seasonality on the observed decline in inflation. Read here: https://lnkd.in/dgecsTQC

The USDA Economic Research Service released a report entitled “The Farm Sector Income & Finances: Highlights from the Farm Income Forecast.” Net farm income is forecast at $140.7 billion in 2024, a decrease of $9.5 billion (6.3 percent) relative to 2023 after adjusting for inflation. https://ow.ly/lMYo50UxnkL

USDA’s Economic Research Service forecasts inflation-adjusted U.S. net cash farm income will decrease by $16.3 billion — or 9.6% — to $154.1 billion in 2024. This would come after a decrease of $52.9 billion — or 23.7% — in 2023.

Federal Reserve Beige Book Summary on the Ag Sector https://lnkd.in/gJYVXDNq #RightRisk #RiskInAg #AgRiskMgt (https://lnkd.in/g7wWZYeB) Get an update on the agricultural sector by the Federal Reserve in the RightRisk Newsrelease at: RightRisk.org/news (https://lnkd.in/gHzan6Ye). OVERALL ECONOMIC activity expanded slightly, on balance, since late February. Ten out of twelve Districts experienced either slight or modest economic growth—up from eight in the previous report, while the other two reported no changes in activity. The economic outlook among contacts was cautiously optimistic, on balance . . .

Farm sector profits forecast to fall in 2024. USDA’s Economic Research Service forecasts inflation-adjusted U.S. net cash farm income, defined as gross cash income minus cash expenses, to decrease by $5.7 billion (3.5 percent) to $158.8 billion in 2024. Learn more in today’s Chart of Note: https://lnkd.in/eAKFXkAp

📈 Struggling with market volatility in agriculture? 📉 Agricultural businesses often face market volatility due to: 💰 Price Fluctuations: Variations in commodity prices due to supply-demand imbalances. 🌎 Market Access: Challenges in accessing new markets and dealing with trade restrictions. 📉 Financial Risks: Uncertainty in income due to unpredictable market conditions. How CMCS Can Help: 📊 Market Analysis: Providing detailed market insights and trend analysis to make informed decisions. 🌱 Diversification Strategies: Advising on diversifying efforts and exploring alternative markets to mitigate risks. 💵 Financial Planning: Offering financial management solutions to stabilize income and manage risks effectively. Navigate market volatility with confidence using our expert guidance and strategic solutions. 👉 Reach out to us for tailored market solutions! 📩 info@connectconsultancy.in . . . #connectmanagementconsultingservices #cmcs #Agribusiness #MarketVolatility #PriceFluctuations #MarketAccess #FinancialRisks #MarketAnalysis #Diversification #FinancialPlanning #AgricultureTrends #RiskManagement #CommodityPrices #AgricultureSolutions #BusinessStability

Do you think the Ag industry is in a recession or about to face one? #farmeconomy #ageconomy #ORAgriculture #IDAgriculture #WAAgriculture https://lnkd.in/gaKPSGbY

Webinar Update: Macroeconomic and Spring Planting April 10, 2024 Update Check out this webinar where CoBank Knowledge Exchange experts dive into key questions about the economy, inflation, USDA reports, and more. 🌾💰 Watch anytime at: https://lnkd.in/gXSrma3r #economy #finance #business #agriculture