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 Farm Journal September Ag Economists’ Monthly Monitor makes it clear: Working capital is thinning, export markets are shaky and long-term crop margins could get ugly. But for now, one thing is still keeping its strength: Americans’ appetite for beef.
There’s light at the end of the tunnel, but we might not see it completely turn around for two to three years,” says Grant Gardner, University of Kentucky ag economist.
Farm Journal’s September Ag Economists’ Monthly Monitor found nearly half of the ag economists surveyed say the U.S. ag economy is worse off than a month ago and will remain depressed or even worsen over the next 12 months.
Fifty-three percent of agricultural economists surveyed in the July Ag Economists’ Monthly Monitor say the row crops side of agriculture is currently in a recession, which is down from the 72% who responded that way in May.