It’s crunch time in Washington D.C. to get the U.S.-Mexico-Canada Agreement (USMCA) passed in 2019, with many agricultural groups and organizations losing patience. So, what does the deal do for agriculture?
As grilling season kicks off, the focus is now on demand, as major companies like Tyson and McDonald's are already warning consumers meat prices could climb with ASF continuing to claim China’s hog herd.
Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
FAPRI’s baseline projections point to little change in net farm income over the next decade, which could lead to further erosion in the farm financial picture for agriculture. For 2019, FAPRI sees livestock receipts not boasting the numbers USDA currently projects.