Ag Economists Split on Recession and Tariff Threat Leaves Uncertainty
From the Ag Information Network, this is your Agribusiness Update.
**Following Congressional votes on year-end legislation, National Corn Growers Association President Ken Hartmann says growers are disappointed about no year-round access to E15.
He says we thought it would be in the end-of-year legislation, adding, this no-cost provision would have provided a market-driven solution to farmers experiencing low corn prices.
The NCGA is calling on legislators to address this as quickly as possible in the new Congress and fix it once and for all.
**56% of agricultural economists in the latest Monthly Monitor say U.S. ag ended 2024 in a recession.
The newest Monthly Monitor asked economists what they’ll be watching for in the new year.
One of the biggest is the potential of a prospective tariff war, which they say is “being downplayed despite published research measuring the expected damage.”
They’re also looking at farmer attitudes toward non-traditional land uses to help boost incomes.
**The prospect of new tariff disputes when Donald Trump returns to the White House has the global economy in an uncertain position.
Farm Policy News says the outcome of the 2024 election cycle promises to bring a significant change to the federal government’s approach to everything, including international trade, immigration, energy exploration, and rural economic development.
The high level of policy uncertainty is adding to headwinds rural America already faces.
