Source: FARM POLICY NEWS, UNIV. OF ILLINOIS, 1/19/20


Last week, the Federal Reserve Board released its January 2020 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. Fed Districts (“The Beige Book.”)
* Fifth District- Richmond– “Agriculture contacts were mostly positive because of good crop yields and solid demand; however, farmers faced tighter profit margins due to low selling prices and rising prices for labor, equipment, and land.”
* Sixth District- Atlanta– “Agricultural conditions remained mixed. Recent rains improved drought conditions for most of the District, although parts of Florida, Georgia, and Louisiana experienced abnormally dry or moderate drought conditions.

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