More on Ag Economy

According to the Washington Post, Editorial Board, there are a lot of economic reports over the last couple of months about the third-quarter gross domestic product report, jobs report, Federal Reserve action, the China trade deal, new records in equity markets and on and on. One of the most telling, however, may have been a recent editorial in the Washington Post that included the comments:

Still, there’s no point denying that — at the moment — things are pretty good. Americans are enjoying positive conditions in the areas that matter most: jobs, inflation, wages. The latest government statistics confirm that unemployment remains near a 50-year low, and wages are growing at an annualized 3 percent rate.

But Ag Information Network of the West’s Bob Larson says” “The U.S. economy may be doing well, but the ag economy shows few signs of an imminent comeback. That's according to the 2019 outlook report from CoBank's Knowledge Exchange division. It says trade uncertainty, rising debt levels, and market volatility are threatening to derail the global economy.

Agweb.com reports, the report says rising costs in agriculture are expected to squeeze producers and that will cause further margin erosion and financial stress.” With all the Labor, trade, impeachment and who knows what other issues continue, 2020 will be a revealing year