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AgDay Daily Recap -November 15, 2013

November 15, 2013
 
 

TODAY ON AGDAY

NOVEMBER 15, 2013

 

YELLEN CONFIRMATION:

GOOD MORNING I'M CLINTON GRIFFITHS. PRESIDENT OBAMA'S PICK TO HEAD THE FEDERAL RESERVE SAYS THAT THE U.S. ECONOMY STILL NEEDS THE FED'S SUPPORT TO REGAIN GROUND LOST TO THE GREAT RECESSION.

AFBF ECONOMIST:

LOW INTEREST RATES, STRONG DEMAND AND HIGH COMMODITY PRICES HAVE BEEN GOOD TO MANY SECOTORS OF FARMING IN THE LAST FEW YEARS. BUT ECONOMIST WITH THE AMERICAN FARM BUREAU SAY ITS "POSSIBLE" AG'S BEST YEARS MAY BE BEHIND IT.

2014 OUTLOOK:

WITH CORN PRICES AT ABOUT HALF OF 2012 PRICES, NET FARM INCOMES WILL TAKE A HIT IN 2014. TYNE MORGAN TALKED WITH ONE LENDER WHO WATCHES THESE PRICES VERY CLOSELY. SHE JOINS US FROM KANSAS CITY WHERE THE NATION'S FARM BROADCASTERS ARE MEETING THIS WEEK, TYNE.

CHICAGO FED:

SPEAKING OF LAND PRICES, THE CHICAGO FED RELEASED IT'S LATEST LAND VALUES FIGURES FOR DISTRICT SEVEN. THAT INCLUDES INDIANA, MICHIGAN, ILLINOIS, WISCONSIN AND IOWA.

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