Ag Economists Monthly Monitor
The Ag Economists’ Monthly Monitor survey, administered by Farm Journal, is sent monthly to agricultural economists nationwide to gauge perspectives on important drivers of agriculture.
The debate over immigration continues to be an issue in Washington. However, the Ag Economists’ Monthly Monitor shows economists are still skeptical it’s enough for Congress to act on immigration reform.
Political unrest, a healthy ag economy and the start of an election year. These are all reasons economists in the October Ag Economists’ Monthly Monitor think it could 2025 before Congress passes a new farm bill.
While ag economists continue to be at odds when it comes to the likelihood of a recession in the U.S., some doubt the country’s biggest importers will be able to avoid a recession over the next 18 months.
Ag economists’ view on the ag economy is starting to erode, but when asked to rank commodities, economists are the most bullish on beef. The September Ag Economists’ Monthly Monitor also asked economists what could impact livestock prices over the next 6 months.
The August Ag Economists’ Monthly Monitor asked economists when they think cattle herd expansion will start to take place. The majority think cattle contraction will continue for at least another year.
As USDA prepares to release the July beef cattle inventory report, the Ag Economists’ Monthly Monitor forecasts only a small reduction year-over-year. If the forecast holds true, it could put a damper on cattle prices.
The July Ag Economists’ Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.
The majority of ag economists don’t expect a farm bill to be written by the upcoming deadline, but a few think it could happen by the end of the year, according to the most recent Ag Economists’ Monthly Monitor.
The Ag Economists’ Monthly Monitor is a new survey of nearly 50 economists. Most ag economists agree the next 12 months could produce more financial pressure for agriculture, but their views vary depending on commodity.