Takach: Good US Economy Typically Bad for Ag Economy

The 2018 ABA National Agricultural Bankers Conference is underway in Omaha.

Director of Economic Research and Business Innovation at Farmer Mac Jackson Takach says the general overview of farm economy heading into 2019 is reminiscent of going into 2018.

 

What does he see in the soybean price forecast?

 

What does Takach see in the price forecast for corn and wheat?

 

He says you can make money with $7 beans & $3 corn.

 

Takach says unfortunately a strong U.S. economy is typically bad for the agriculture economy.

 

He says farmers and ranchers should expect higher operating loan costs.