THOUGHT PIECES

Executive summary Economic growth has exceeded most expectations over the past several quarters as consumers maintain spending levels. Despite choppy data, the growth trend is slowly moderating due to financial headwinds, political uncertainty, fading fiscal tailwinds, increases in the unemployment rate and the accumulated impact of high consumer inflation over the last four years. Rising… Quarterly Economic Update: October 2024

by AgWest Farm Credit Profitability in agriculture is largely down despite rising food prices. On average, farmers, processors, packers and retail outlets are receiving less revenue as a percentage of total spent on food by U.S. consumers, whereas food services and advertising are receiving more. Also, food prices have not kept pace with rising input costs… Why aren’t farmer incomes keeping up with food prices?