The economic environment we're in today is very similar to the 1970s and into the mid-80s. During that time many farmers went broke and, in the process, learned these two lessons.
Why Do Corn and Soybean Prices Continue to Plummet?
It might seem like years ago, but it was just last June farmers reported selling $8 cash corn and $18 cash soybeans. Today, cash prices look much different, hovering around $5.50 for corn and $13 for soybeans.
The signs of El Niño grew even stronger this month, and as the weather event looks to make its grand return, significant weather changes could be on deck for farmers this year.
More than 50% of farmers intend to grow their operation, based on responses in Purdue’s February 2023 Ag Economy Barometer. If you’re thinking about scaling your farm, it’s important to ask these questions.
The job market is strong, and the economy is slowly growing. However, there are four complicating issues making investors defensive, which reduces money flow to the markets.
