The majority of agricultural economists in the latest Monthly Monitor say U.S. ag ended 2024 in a recession.
Farm Journal’s AgWeb.com says 56 percent of ag economists responded “yes” to the question of a recession.
The newest Monthly Monitor asked economists what they’ll be watching for in the new year. One of the biggest is the potential of a prospective tariff war, which they say is “being downplayed despite published research measuring the expected damage range.” They’re also looking at farmer attitudes toward non-traditional land uses, including CRP, solar, and other forms that help boost their incomes. There is worry about the Brazilian real, which is depreciating and could lead to more U.S. competition.
Also, in 2025, there’s a chance that cash rent prices may stay constant despite a downturn in crop prices. Farm incomes vary greatly by region, and the economists say Southern farmers are really struggling.
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