Steven Ebeling admits farming in West Texas is never easy, but 2022 has been a brutal blow with the majority of the dryland acres already counted as a total loss, and irrigated acres are now struggling to survive.

Succession planning is difficult and time-consuming, but it is also a key step for a business that can grow into the future. Regardless of where you are in the process, you can always take another step.

The U.S. has had a negative GDP for two consecutive quarters, which meets the textbook definition of a recession. Actually, the National Bureau of Economic Research makes the call. Tom Bailey, Rabobank Consumer Food Team senior analyst, says, "They’re really looking for more signs of economic pain than what we’re seeing to make that call."

It could be a crucial first step in easing the global food crisis. Details in today's AgDay Minute.