by Brent Gloy
From sticky input prices to falling commodity output prices, U.S. farmers are working their way through some of the most difficult financial times in recent memory. Purdue’s Ag Economy Barometer showed that after a slight July uptick, producer sentiment has turned decidedly lower. As we noted in a previous post this summer banker attitudes about agricultural credit conditions were turning as negative as they had been in some time. We thought that now would be a good time look at credit conditions. Continue reading
by Brent A. Gloy and David A. Widmar
As the New Year begins we thought that it would be useful to put together a list of some of the things that we will be watching in the coming year. This list has been shaped by the questions we have been asked as we’ve traveled around the country this fall and winter. Without a doubt, 2015 will be an exciting year. Below is a list of 9 questions we see production agriculture facing in 2015 and some of our thoughts on how these issues might unravel as the year unfolds.
1. What does ag profitability look like for 2015? 2014 was a financial roller coaster in the grain markets. Commodity prices fell hard going into harvest and then surprised with a late fall rally. When the Purdue University Crop Budgets initially came out in September, significant losses per acre were estimated. Going into 2015, commodity prices will be on the top of everyone’s mind