In this edition of Well Grounded, Wells Fargo Chief Agricultural Economist Dr. Michael Swanson detailed the consequences of a big crop. “USDA came out in early September to with its update and took the net farm income from $116 billion to a current estimate of $142 billion.” Crop prices have fallen, but livestock prices have added to the bottomline. “Farmers are not in a bad position, but they don’t feel good about it because they thought it was going to be better.” Interest rates and the impact on land values ius also discussed. Well Grounded is a collaboration between Acres & Shares and the Red River Farm Network. Listen to the podcast.
