Annual Market Outlooks
Now is the time to be aggressive — not in marketing, financial decisions or crop mix shifts — but in risk management.
This year should not be about marketing at breakeven, but about a targeted point of profitability. Once you hit that point, make incremental sales as the market moves higher.
Increasing demand and economic recovery create stable outlook.
Be ready for a colder and snowier winter versus recent years.
Cotton production will hang by the thin threads of demand in 2023 — and prices will likely sway in the 80¢ to 85¢ per pound range, depending on La Niña’s trajectory.
The outlook for 2023 grain prices is difficult to pin down given a host of unknown global outcomes. Economists say the new year could bring major moves in either direction, including higher prices.
As I look to the future of the farm equipment market, I find myself looking back to draw on lessons I’ve learned in the past decades.
When adjusted for inflation, 2022 net cash farm income is forecast to increase by $13.5 billion (8.7%) from 2021 and be at its highest level since 2012.