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July 20, 2023
 
 
 
 
 
 
 
Ag Economists Turn More Positive Longer-Term On the Farm Economy
 
The July Ag Economists’ Monthly Monitor shows weather extremes and wild swings in the commodity markets are the two biggest factors impacting short-term outlooks, but the economists surveyed express a more favorable view longer-term. The latest survey also shows the biggest wildcard for agriculture over the next year could be geopolitical risks tied to China and the war in Ukraine.
 
 
 

While the drought of 2023 is straining crop conditions, there hasn’t been any drought concerns when it comes to auction prices on used farm equipment, including combines and grain carts. Opposite of what you might think, preharvest is actually a good time to buy, according to Machinery Pete.

Machinery Pete: Combines and Grain Carts In High Demand
 
 
 

Thursday ended with wheat slightly higher, corn and soybeans lower and cattle hit new highs then crashed despite higher cash. Darin Newsom with Barchart has the analysis.

Wheat Slightly Higher Chasing War Headlines, Profit Taking Hits Row Crops, Cattle Make News Highs Then Crash Despite Higher Cash
 
 
 

“Whether you need a trust is about dollars, but it’s also about several other factors including control, asset protection and family relationships,” explains Kelly Jackson Hardy, CPA and principal with CLA.

Do I Need A Trust?
 
 
 

The best ideas for your farm can come from anyone on your team. How can you foster an environment of innovation and strategic focus? Use a process Mark Faust calls an “innovation sprint.”

How to Run An Innovation Sprint on Your Farm
 
 
 
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Today's Markets
 
 
 
 
 
 
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