Ag Outlooks
Research and updates from the Kansas City Fed highlighting developments in the agricultural economy.
Research and Updates
Fourth Quarter Ag Bulletin
Economic conditions in agriculture were subdued through the end of 2024 alongside weak crop prices.
The Passthrough of Agricultural Commodity Prices to Food Prices
Agricultural commodities prices have had a small and uncertain effect on changes in food prices at least since 2008.
Third Quarter Ag Bulletin
The outlook for the U.S. farm economy remained subdued through the third quarter alongside low crop prices.
Interest Expenses on Farmland Debt Could Challenge Farm Profitability
Crop producers with high levels of land debt may struggle to be profitable under higher interest expenses.
How Mergers in the Farm Credit System Have Affected Ag Banks
Ag banks likely altered some of their strategic portfolio decisions after an FCS merger in their local credit market.
Commodity Prices Have Limited Influence on U.S. Food Inflation
Food prices increased at the fastest pace in more than two decades from July 2021 to July 2022. We show that this increase has...
Resources on the Ag Economy
Ag and the Economy
Find all of the Kansas City Fed's research on the agricultural economy.
Ag Finance Updates
Find articles summarizing recent developments in agricultural finance and lending.
Ag Credit Survey
The quarterly Ag Credit Survey provides current indicators of the financial performance of Tenth District agriculture.
Archive
Ag Bulletin
2024 Fourth Quarter, 2024 | Third Quarter, 2024 | Second Quarter, 2024 | First Quarter, 2024
2023 Fourth Quarter, 2023 | Third Quarter, 2023 | Second Quarter, 2023 | First Quarter, 2023
2022 Fourth Quarter, 2022 | Third Quarter, 2022 | Second Quarter, 2022 | First Quarter, 2022
2021 Fourth Quarter, 2021 | Third Quarter, 2021 | Second Quarter, 2021 | First Quarter, 2021
2020 Fourth Quarter, 2020
Ag Outlook Articles
The Outlook for Farmland Values amid Higher Interest Rates
April 10, 2019 | In 2018, the spread between returns to farmland owners and benchmark interest rates narrowed to its lowest level in more than a decade in the Tenth Federal Reserve District.
A Tale of Two Economies: Farmers Struggle Despite Strong U.S. Economy
September 28, 2018 | At a time when the overall U.S. economy continues to boom, the U.S. agricultural sector has continued to struggle.
As Winter Looms, Key Risks Keep Outlook Cool
January 8, 2018 | The outlook for agriculture remains downbeat but is beginning to show signs of stabilization.
Persistent Large Inventories, Low Prices
April 17, 2017 | Sentiment about the 2017 outlook for agriculture has varied somewhat by scale and commodity.
Headwinds to Ag Outlook Remain Despite Strength in Exports
December 28, 2016 | Some agricultural commodity prices in the U.S. got a boost from exports over the summer, but elevated exports seemed to only keep prices for some commodities from dropping further.