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.
News is breaking late Friday. President Trump is announcing of a Phase 1 agreement between the U.S. and China concerning trade. Clinton Griffiths, the Host of AgDay, has analysis from a Washington Correspondent.
Recent price support caused by a lower national yield forecast dissipated this week, as negative consumption news and improving weather for harvest appeared, says University of Illinois ag economist Todd Hubbs.
In the coming months feed cost and availability will be a challenge. One opportunity livestock producers can use to get ahead is to store wet or modified distiller’s grains now to be fed at a later date.