Ag Industry Trends & Outlooks

Harvest often provides the clearest picture of a farm's financial performance. This year, many producers are balancing strong yields with continued pressure from fuel, input and operating costs. To help address those challenges, USDA recently announced the new Harvest Fuel Relief Program (HFR), a one-time $8 billion assistance program for agricultural producers. 

National cattle policy grabbed headlines in August as the market continues to defy principles of economics: beef prices at the grocery store continue to soar while the size of the national cattle herd struggles to keep up. This blog dives into the factors driving these market conditions and the steps producers can take in response.  

This month's Knowledge Exchange Partner article discuss the current fertilizer market challenges, and the continued geopolitical instability and supply chain disruptions that are creating long-term pressure on fertilizer availability and pricing, creating future sourcing uncertainties for farmers and agricultural retailers. Contributed by Jacqui Fatka, Lead Economist, Farm Supply and Biofuels, at CoBank.

For dairy farmers in the Northeast, profitability depends on factors outside their control. Milk prices fluctuate while production costs continue to rise. When milk prices fall below the cost of production, the financial pressure can be considerable and, ultimately, create the conditions that lead to dairy farm exits.