rural economy

Agri View: Outlook for 2017

Dan Agri View, Economy

outlook

 

Everett Griner talks about the outlook for 2017 and what needs to happen for producers in today’s Agri View.

 

 

 

Well 2013 was the last good year for agriculture as a whole. Farm commodity prices were mostly good back then. But here is something to keep in mind now. When crop prices go up, so does the cost of producing those crops. For the past three years those prices have dropped a little every year. The cost of production has not declined. Well, maybe a little but not nearly as much as prices. One look at the family farm income and it shows steady decline. In 2014 and 2015. You may know, or you may not know. I should remind you that agriculture is the largest industry in this country. So when times get this tough we lose jobs. One thing needs to happen. Prices needs to go up. Or cost come down. Now just how likely do you think that is to happen?

That’s Agri View for today. I’m Everett Griner.