economy | Red River Farm Network

Uncertainty in Agriculture is like “Throwing a Rock in a Pond”

Published April 20, 2020

Agriculture was already dealing with a challenging economy, even before the COVID-19 pandemic started. According to Bell Bank Senior Vice President Lynn Paulson, farm program payments through the Market Faciliation Program and WHIP-plus did help the balance sheet come loan…

A U.S. Recession is Possible

Published March 18, 2020

President Donald Trump told reporters the U.S. could be sliding into a recession. According to Wells Fargo agricultural economist Michael Swanson, there is a risk. The technical definition for a recession is two consecutive quarters of negative growth. "It's very…

Crossing T’s and Dotting I’s with Farm Financials

Published March 9, 2020

A few years of tight margins in agriculture have farmers crossing their “T’s” and dotting their “I’s”. South Dakota State University Extension crop business management specialist Jack Davis says government payments, such as the Market Facilitation Program, did help financially.…

The Farmer/Lender Relationship

Published March 3, 2020

Even in the face of adversity, agricultural lenders and farmers strive to maintain a positive working relationship. John Pfaff has experienced both sides of the farming/lending relationship. For the past five years, Pfaff has worked at Security First Bank in…

Dissecting and Navigating the Dairy Economy

Published February 26, 2020

There have been five years of marginal profitability for Minnesota dairy farmers. The second half of 2019 started to show an increase in the milk price, which put a little hope back into the market. Central Lakes College Farm Business…

Reducing Risk, Maximizing Revenue

Published February 3, 2020

In a depressed ag economy, farmers and ranchers are working on reducing risk and maximizing revenue. There are risk management options out there, and a standard crop insurance policy is one. Farm Credit Services of Mandan Assistant Vice President Eric…

NDSU Ag Economist: Be Patient with the Markets

Published December 16, 2019

A phase one trade agreement between the U.S. and China does change the market mentality. However, NDSU Extension crops economist Frayne Olson says prices won't change dramatically overnight. "What I likely see happening is a slow uptrend in prices. There…

Latest MN Budget Forecast Estimates $1.33 Billion Surplus

Published December 6, 2019

The latest Minnesota Budget and Economic Forecast is estimating a $1.33 billion surplus in the fiscal year 2020/21 biennium. This is attributed to a better than expected close to the last biennium, an improved revenue forecast and a small decrease…

Marketing Calves in a Tough Market Environment

Published October 24, 2019

The fall run of cattle in the Northern Plains has been slow to start, primarily due to unfavorable weather and market prices. On top of that, cattle producers may be trying to market calves affected by the cold and snow…

The Economy and Trade is Concerning for K-State Ag Economist

Published September 30, 2019

Dr. Barry Flinchbaugh, agricultural economics professor at Kansas State University, is concerned about two things in agriculture; the American economy as it sits today and the ongoing trade wars. "The American Economy is growing very slowly and there is the…

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Articles tagged under: economy

Uncertainty in Agriculture is like “Throwing a Rock in a Pond”

A U.S. Recession is Possible

Crossing T’s and Dotting I’s with Farm Financials

The Farmer/Lender Relationship

Dissecting and Navigating the Dairy Economy

Reducing Risk, Maximizing Revenue

NDSU Ag Economist: Be Patient with the Markets

Latest MN Budget Forecast Estimates $1.33 Billion Surplus

Marketing Calves in a Tough Market Environment

The Economy and Trade is Concerning for K-State Ag Economist

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