January 23, 2020

Ag Economy; Farm Bill; Budget Issues; and, Biofuels

Agricultural Economy

DTN Ag Policy Editor Chris Clayton reported on Friday (link requires subscription) that, “If normal weather returns, it will be a record corn crop this year with a $2 drop in prices, according to new baseline market projections released Friday by the Food and Agricultural Policy Research Institute [related press release, full report].

“The report by FAPRI, an economics group at the University of Missouri, parallels many of the production forecasts released last month at the USDA Outlook Forum, though FAPRI offers higher price projections for producers in some key crops such as corn and soybeans.

“In its summary, FAPRI states in 2014 and beyond average grain and oilseed prices will stay at levels seen this year, but above the average prices seen by producers before 2007.”