January 25, 2020

Agricultural Economy; Trade; and, Policy Issues

Agricultural Economy

Marcia Zarley Taylor reported yesterday at DTN that, “Don’t expect much farmer economizing in production costs in 2015, but it’s not for lack of trying. Yes, growers can nickel-and-dime their remaining grain and soybean expenses, but most cannot recover the hundreds of dollars of gross income per acre that have vanished since 2012.

“A 2,500-acre producer from northeast Iowa has seen roughly $1.45 million ‘walk out the door’ since January 2013, just in reduced corn prices. ‘It’s hard to recover that much in lower production costs,’ he told DTN.”