Farm and Ranch Economic Outlook
Farm and Ranch Economic Outlook
The overall state of US agriculture can be characterized as prosperous, despite some variations observed within different sectors. With projected income for 2023 anticipated to surpass long-term inflation-adjusted averages, how can these insights shape our understanding of potential for growth and development?
While challenges and uncertainties remain on the horizon, the US agricultural sector has demonstrated resilience and adaptability throughout its history. How can lessons learned from the past inform our approach to addressing future challenges and capitalizing on emerging opportunities?
The questions and more are considered in this edition of the Conterra Outlook. We take a look at net farm income, agricultural resilience, and provide a macroeconomic update regarding recession concerns.
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Also included is a special regional supplement outlining current land values, crop conditions and water conditions across the US, plus a special California water section.
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