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Ag Banking/Rural America

Ag Barometer Plummets as Trade War Concerns Rise

August 7 — The Purdue University/CME Group Ag Economy Barometer declined 26 points, down to 117 in July, making it the largest one-month decline in producer sentiment since data collection began in October 2015. The drop in sentiment was fueled by increasing trade war concerns and decreasing commodity prices.

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Trade Wars Are Negatively Impacting the Rural Economy

July 20 — For a sixth consecutive month, the Creighton University Rural Mainstreet Index climbed above growth neutral in July. This marks the first time since the July 2014 that the overall index has risen above growth neutral for such an extended period of time. However, the index did decline this month, falling from 56.1 in June to 53.8, and more than three-quarters of those surveyed are reporting that trade rifts and tariffs on grain farmers are having a negative impact on the economy.

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Trade War Endangers Farmers, Farm Bureau Tells Congress

July 19 — American Farm Bureau Federation Vice President Scott VanderWal and Texas Farm Bureau President Russell Boening have warned Congress that many farms will lose money and even go out of business entirely if the growing trade war continues. Each called for a resumption of talks and removal of tariffs that are undoing decades of progress in trade.

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Kansas Farmer Outlines Costly Toll of Overregulation

June 21 — America’s farmers and ranchers are facing an economic storm, according to the American Farm Bureau Federation. With farm income levels that have fallen by half since 2013, a continued slump in crop prices and export markets in peril, the hit farmers are taking from costly regulations only intensifies the storm, according to Kansas farmer Glenn Brunkow.

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Producers Begin to Eye the Ag Economy More Favorably

June 11 — Sitting at 141, the Ag Economy Barometer hit its highest reading since January 2017 in May, coming in 16 points above its April reading of this year.

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