January 23, 2020

Ag Economy- Farm Bill; Food Issues; Biotech; Biofuels; Immigration; and, CFTC

Agricultural Economy- Farm Bill

Jesse Newman reported yesterday at The Wall Street Journal Online that, “Prices for agricultural land in some key states in the U.S. Farm Belt last year grew at the slowest pace in four years, according to a quarterly report Thursday from the Federal Reserve Bank of Chicago.

“Values for farmland in the Chicago Fed’s district, which includes all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin, rose 5% in 2013, the report showed, down from growth of 16% in 2012. Last year’s growth was the slowest pace since 2009 and the second slowest in the past decade, the bank said” [related graph].