Farm Journal's
Ag Economists
Monthly Monitor
A vetted group of agricultural economists provide a monthly read on the U.S. ag economy, tracked over time, providing a gauge on important industry drivers.
Grain prices continue to rally as Russia ramped up attacks on Ukrainian ports on the River Danube. But agricultural economists and markets analysts point out the situation still hasn’t reached a worst-case scenario yet.
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.