Center for Agriculture and the Economy

Leveraging expertise from the Kansas City Fed, the Center provides timely analysis of industry developments and conducts ongoing research on the agricultural economy.

Tighter Liquidity and Improved Earnings at Agricultural Banks

Alongside strong growth in farm loans, liquidity at commercial agricultural banks tightened and earnings increased during the...

Firm-Level Pass-Through of Supply Chain Disruptions: Insights from the U.S. Beef Market

A supply disruption’s effect on retail prices depends on the magnitude of the shock and the perceived reliability of the seller.

Credit Conditions Tighten Gradually

Weakness in the crop sector weighed further on farm finances, and credit conditions tightened gradually in the third quarter.

Developments in agriculture and food sectors throughout the U.S. are captured in the Beige Book

The Beige Book is published eight times per year to provide anecdotal commentary about sector specific conditions in each Federal Reserve District. Information is collected by Federal Reserve staff through surveys and outreach with key business contacts, economists, market experts, and other sources. Developments across the agricultural supply chain are regularly incorporated and a sample of commentary from the latest report, published January 14, are highlighted below. The full report and archives are External Linkavailable here.

The image is a U.S. map showing outlines of the Federal Reserve Districts and includes select quotes from the Beige Book corresponding to each District, including weak agricultural conditions, high input costs, weak profit margins, and challenges in timber, cotton, grain, and meatpacking markets.

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