Source: FARM POLICY NEWS, UNIV. OF ILLINOIS, 3/11/19

 On Wednesday, the Federal Reserve Board released its February 2019 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the U.S. agricultural economy. * Sixth District- Atlanta– “Agricultural conditions across the District were mixed. Recent reports showed that most of the District was drought-free, with the exception of small areas in south Florida and coastal Louisiana where conditions were abnormally dry.  The February forecast for Florida’s orange crops was unchanged from the previous month but remained significantly ahead of last year’s production. Since November, weekly cash prices were up for corn, soybeans, beef and broilers, while cotton and rice prices were down.”

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