The September Ag Economists’ Monthly Monitor shows lower commodity prices, concerns about demand and a negative outlook for China’s economy all contribute to the eroding outlook for the ag economy, even as the cattle herd and U.S. corn and soybean crops continue to shrink. But the most influential piece of the farm economy might be the price of corn.

Trying to understand the full scope of crop conditions and yields is good. However, it's important to avoid seeking answers that only justify your desired outcome. Instead, Jon Scheve recommends asking other farmers what percentage of their crop is priced and having a grain marketing strategy open to different results and outcomes.

Despite recent drought challenges, U.S. cattle producers remain optimistic and committed. Poised for growth and adaptation, producers seek understanding in consumer expectations and the complex marketplace.