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.
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.
Each year, Farm Journal staff write hundreds of stories that appear online, in print, on radio or on TV. Certain stories stand out for each of us, they might warm our hearts or were something we’re proud we wrote.
Farmers in Texas and other areas experiencing drought are in dire need of hay supplies and dryland crops are burning up. Because of this, grain farmers are abandoning their grain crops and baling them for cattle feed.