dire straits

Perdue: U.S. Ag in Dire Straits

Dan Economy, Industry News Release, Trade

Sonny Perdue made his first appearance before the House Agriculture Committee this week as Secretary of Agriculture. He says the current U.S. agricultural economy is in “ dire straits ” but that could be helped by a stronger trade presence abroad. Perdue says he sees challenges ahead as President Trump’s initial budget cuts the USDA allocation by 21 percent. “We’ve …

rural economy

Secretary Perdue to Attend House Ag Committee Hearing on Rural Economy

Dan Economy, Industry News Release

Agriculture Secretary Sonny Perdue will take part in a House Agriculture Committee hearing next week on the rural economy. The House Agriculture Committee will hold the hearing next Wednesday, May 17th. The hearing seeks testimony on how the rural and farm economy is holding up amid a downturn in farm income and commodity prices. House Agriculture Committee Chairman Mike Conaway …

dtn

Ag Confidence Grows as Latest DTN/PF Survey Suggests Strong Future

Dan Economy, Industry News Release 1 Comment

Farmers, ranchers remain concerned on current conditions; optimistic about future Despite continued flat commodity prices, attitudes of U.S. farmers took a solid leap into positive territory, according to the most recent DTN/The Progressive Farmer (DTN/PF) Agricultural Confidence Index (ACI). The survey, which tracks farmer opinions of their current and future conditions, had an overall score of 130, a significant improvement …

confidence

Ag Producers’ Confidence Surges During January

Dan Economy, Industry News Release 6 Comments

The Ag Economy Barometer continues to show increased producer confidence following the November election. Organized by Purdue University and the CME Group, the monthly survey of 400 agricultural producers from across the U.S. reached 153 in January, 21 points higher than December’s survey and 61 points higher than in October. The increase marks the most positive recorded sentiment by producers …

Ag Economy Barometer Lower in August

Dan General 1 Comment

After months of improved farmer sentiment toward the Ag economy, things took a different turn in the August Purdue/CME Group Ag Economy Barometer. Declining commodity prices weighed heaviest on farmer outlooks in August. The barometer index fell to 95 in the month of August, down from 112 in July. That represents the largest one month decline since November 2015.

Co-ops and Ag Retailers Face Economic Challenges

Dan General, Industry News Release 1 Comment

Farm supply co-ops and other ag retailers are seeing their accounts receivable balances on the rise and are facing challenges as a result. A new report out from Cobank says retailers are having to adjust to tougher financial conditions because of the current ag commodity cycle. This is a direct result of low commodity prices that have knocked down farm …