Improved Attitudes of Producers at NFMS Compared to 2016

February 17, 2017 09:27 AM
 
 

With corn prices languishing under $4, the outlook for the agricultural economy and farm incomes in 2017 continues to be sour.

Recent farm income indicators from the ag department show a continuing downward slide, however, compared to last year, moods at the National Farm Machinery Show (NFMS) in Louisville, Ky. have improved.

 

“It’s amazing how much different we see the attitude today of producers,” said Alan Hoskins, president and CEO of American Farm Mortgage. “They’re more optimistic about the coming year, and I think that is a direct result of them doing a better job of looking at costs and understanding where profit potential exists, and doing a better job of marketing and putting sales on the books.

According to Hoskins, those producers are positioned to have a better 2017.

“The marketing is a huge component of the profitability cycle and the top producers will be spending much more time on their marketing,” said Hoskins.

Hoskins is bullish on commodity prices in 2017. 

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Comments

 
Spell Check

C.K
bad axe, MI
2/21/2017 05:55 AM
 

  Sure as a lender you happy because business couldn,t be better . You have your 1 million dollar guarantee on the loan from F.H.A so when the loan goes bad the tax payer pics up the tab for 90% of the lose up to 1 million. Anybody that owes under 1 million it's a no brainer to loan money to, this is like Christmas in July . Just stack it on the 68 trillion all ready owed in this country.

 
 

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