Farm and Ranch Economic Outlook
Farm and Ranch Economic Outlook
United States agriculture continues to be a dynamic, ever-evolving industry that encourages adaptability for farmers, ranchers, and all involved in their continued success. This is, of course, nothing new to the thousands of farmers who work daily to feed the United States and the world. Essential items should be on all producers’ minds: how will volatility in input and output prices affect the bottom line? What opportunities and challenges does this present?
Watching input costs, particularly in the labor, fertilizer, and fuel markets will be extremely important. No one size fits all, but managing expenses this year will be important, even with high, albeit volatile, output prices. In this Outlook, we provide more color and context to the essential questions above.Â
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