Source: FARM POLICY NEWS, UNIV. OF ILLINOIS, 10/3/18


Suzanne Jenkins, a senior policy analyst at the Federal Reserve Bank of St. Louis, and Nathan Kauffman, vice president at the Federal Reserve Bank of Kansas City, indicated in a recent update (“A Tale of Two Economies: Farmers Struggle despite Strong U.S. Economy“) at the Regional Economist that, “At a time when the overall U.S. economy continues to boom, the U.S. agricultural sector has continued to struggle amid falling farm income and deteriorating agricultural credit conditions. “Over the past five years, U.S. economic growth has continued to strengthen.  The growth in U.S. real gross domestic product (GDP) has averaged 2.4 percent per quarter since 2013.

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