Ag Outlooks
Research and updates from the Kansas City Fed highlighting developments in the agricultural economy.
Research and Updates
Third Quarter Ag Bulletin
U.S. farm income remained strong in the third quarter despite a further decline in agricultural commodity prices.
Second Quarter Ag Bulletin
The U.S. ag economy remained strong in the second quarter despite a drop in commodity prices that began late in the quarter.
Turmoil in Commodity Markets Following Russia's Invasion of Ukraine
Russia’s invasion of Ukraine, which began in February 2022, has caused broad disruptions in global commodity markets.
First Quarter Ag Bulletin
Agricultural commodity prices surged in the first quarter of 2022 alongside Russia's invasion of Ukraine.
Fourth Quarter Ag Bulletin
Economic conditions in U.S. agriculture strengthened further in the fourth quarter of 2021.
COVID-19 Disruptions in the U.S. Meat Supply Chain
The emergence of COVID-19 in the U.S. has created substantial challenges for all segments of the meat supply chain.
COVID-19 Updates & Key Demand Drivers for Agriculture
A review of U.S. ag policy, exports, ethanol production and meat production.
Resources on the Ag 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.
Agricultural Symposium
The Kansas City Fed's Agricultural Symposium explores topics of current and emerging significance to agriculture.
Archive
Ag Bulletin
2021
PDFFourth Quarter, 2021
PDFThird Quarter, 2021
PDFSecond Quarter, 2021
PDFFirst Quarter, 2021
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.
PDFA 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.