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FCA ag economist says bumpy road ahead for agriculture

An ag economist from the Farm Credit Administration says there are still concerns about the direction of the ag economy.  

Rebecca Kaiser says producers are still feeling the effects of inflation. 

“There’s still some concerns about whether we’re slipping into a recession,” she says. “We now know at this point that the Federal Reserve has decided to start cutting interest rates and that started last week with a fifty basis point cut.”

She tells Brownfield margins for livestock producers are better than that of crop producers.

“The cost of feed has gone down and feed is the number one expense for many livestock producers, having that decrease in corn and soybean prices is really helping them,” she says.

Kaiser says margins for farmers are tight, and it’s important for farmers to fully understand their cost of production.