Ag Industry Trends & Outlooks

Farm Credit East and speaker Zach Harding from The Andersons, Inc., recently presented a grain and oilseed outlook webinar. Zach reviewed the 2021 corn and soybean markets and shared projections for 2022 markets. Discussion included the recent January WASDE report, biofuels production and demand, current South American production and Chinese demand.

Earlier this year, the Knowledge Exchange Partner covered inflation and supply chain disruptions due to the ongoing COVID-19 pandemic with estimates on how the year might go. This month, we provide an update for 2021 and projections for 2022.

Farm Credit East’s Northeast Dairy Farm Summary is the most comprehensive economic analysis of the region’s dairy industry. The 2020 edition marks the 41st year of the report, which looks at the financial results of 204 Northeast dairy farms. Chris Laughton, editor of the report, reviewed and discussed the year that was for dairy. Jeremy Forrett, manager of Crop Growers LLP, discussed risk management options for current market conditions, and finally, Catherine de Ronde, of Agri-Mark delivered a price and market outlook for the second half of 2021.

In this article, read about how the COVID-19 pandemic has impacted the U.S. economy, gross domestic product and consumer price index, and whether current inflation is just temporary or a long-term trend.